57-28/30 59th Street, Maspeth, NY, 11378
$3,500,000
Multi Family
Commercial
Details
ML#: 899077
- # of Families: 10
- Sale or Rent:Sale
- Year Built: 1920
- Taxes: $6,604
- Status:Active
Description
Rare Queens corner lot with significant air rights potential, existing mixed-use buildings, and value-add or ground-up development options.This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.Spanning approximately 8, 060 square feet of land and offering up to 13, 300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.
More Property Details
Lot Sq Ft: 8060
Parking Spaces: Yes
Parking Spaces: 5
Parking Facilities: Driveway
Stories: 2
Heat: Electric, Natural Gas
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $6,604
Zoning: M1-D
Listing Information provided courtesy of
Brown Harris Stevens FH
718-520-0303