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60-58 60th Road

Maspeth, NY 11378
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Bed 7

Bed

Bath 4

Bath

Acres0.06

Acre(Lot)

Free-Market Legal 4 Family Exceptional opportunity to own a well maintained legal 4 family property in the heart of Maspeth. This solid brick building offers immediate income with significant upside, making it ideal for investors or owner-occupants who want rental cash flow while living on-site. 3 - Two Bedroom One Bath and 1 - One Bedroom One Bath unit plus a full basement and a private backyard. All paying tenants - month-to-month with no leases in place, providing flexibility for the next owner. The property can also be delivered vacant, creating a rare chance to reset rents to market or configure for full owner occupancy. Each unit pays its own electric and gas. Tenants have individual washers and dryers in the basement connected to their respective meters. With rents adjusted to curr ent market rates, the property projects an approximate 5 - 6% cap rate, offering strong long-term performance in a highly desirable Queens neighborhood. Situated on a 25 x 100 lot with an expansive building size of 20 x 72. Major mechanical updates provide peace of mind, including a new gas furnace installed in November 2022, a roof replaced in 2013, and a hot water heater updated in 2025. The building’s large basement includes a recreation space, storage, laundry and utility space. Situated on a quiet residential block with convenient access to transportation, shopping, and local amenities, this is a rare value add asset combining immediate stability with future upside. A true Maspeth investment gem.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,550,000

AD Id : 75081586

MLS Id : 958843

Beds : 7

Lot Size : 0.06 Acre

Year Built : 1915

County : Queens

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Basement: Finished, Full, Storage Space
  • Flooring Information

    Hardwood
  • Interior Features

    Eat-in Kitchen, Other, Walk-In Closet(s) Laundry Features: In Basement
  • Heating & Cooling

    Has Heating: Yes Heating: Other Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1915 Construction Materials: Brick Private Pool: No
  • Exterior Features

    Exterior Features: Other

  • Lot Information

    Lot Dimensions: 25X100 Lot Size Acres: 0.0574 Lot Size Square Feet: 2500 Lot Description: Near Public Transit

  • Listing Price Information

    Listing Price: $1550000

  • Tax Information

    Parcel Number: 02733-0037 Tax Lot: 0037 Tax Block: 02733 Annual Tax: $13767

  • Parking Information

    On Street

  • School Information

    Elementary School: Ps 153 Maspeth Elementary
    Junior High School: Is 73 Frank Sansivieri Intermediate School (The)
    Senior High School: Grover Cleveland High School
  • Utility Information

    See Remarks
  • Location Information

    Direction: 60th Lane to 60th Road WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/05/2026 @ 02:47

MLS: 958843 LISTED BY: Lily CBR, EXP Realty 888-276-0630 SOURCE: OneKey MLS

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