Mixed-Use Property in Maspeth, NY

60-41 56th Road,
Maspeth, NY 11378

 

$1,750,000
Price
3
Number of Units
$583,333
Price Per Unit
3,875
Building SF
8.08%
Cap Rate
2,500
Land SF
$1,750,000
Price
3
Number of Units
$583,333
Price Per Unit
3,875
Building SF
8.08%
Cap Rate
2,500
Land SF

Investment Hightlights

  • For Sale: Mixed-Use Fully-occupied building with one (1) commercial unit and two (2) four-bedroom residential units

Location Summary

  • Subject property is located on 56th Avenue, two blocks south of Long Island Expressway (LIE) and approximately 1.1 miles east of Brooklyn Queens Expressway (BQE). Subject property is located within three blocks of Grand and Flushing Avenues. The nearest subway station, 7 Line, is located at 52nd St, approximately 1.4 miles northwest of the subject; the nearest LIRR station, the Woodside station, is located approximately 1.4 miles north of the subject. The nearest bus stop, Q59, is located at Grand Ave/Maspeth Ave, a mere five minute walking distance.
  • Surrounded by various neighborhood retail and amenities including Dunkin's Donut, Chase, Polish & Slavic Credit Union, Key Food and various local restaurants and retail stores on Grand and Flushing Avenues to the east; various local restaurants and retail stores on Grand and Flushing Avenues to the west; a number of churches and schools are located within a five block radius, nearby shopping and noticeable amenities includes Home Depot and Holiday Inn Express, a few blocks northwest of the subject.
FOR MORE DETAILS CONTACT
Raj Whadwa
Managing Partner
(516) 316-0722
raj@grs-us.com
10991239274