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New York Queens 11378 Maspeth
5940 Flushing Avenue
Photo of 5940 Flushing Avenue
Sold on Jul 23, 2026

20

Map

Photo of 5940 Flushing Avenue
Photo of 5940 Flushing Avenue
$690,100
● House - Off Market

5940 Flushing Avenue

New York, NY 11378
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,408 Ft²
$3,902
Est. Monthly

About This Property

Excellent Renovation Opportunity in Maspeth, Queens on the border of Ridgewood! First Floor features Foyer, Extra Large Living and Formal Dining Rooms with Gorgeous Wood Floors, plus Pantry, Breakfast Nook, and Kitchen, with Access to Backyard Patio.  Sunny Second Floor features Four Bedrooms with Closets, Two Skylights, and Full Bath. More Storage Space in Full Basement, with Laundry Area, Utilities, and Access to Both Front and Back of House.  Detached 2-Car Garage.  Easy access to the B57, Q59, Q39, Q58, and Q98 buses, plus shopping and dining on Flushing, Grand and Metropolitan Avenues!
Unit Size
1,408 Ft²
Days on Market
122 days
Land Size
0.04 acres
Price per sqft
$496
Property Type
House
Property Taxes
$469
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (OneKey MLS #KEY975569)

Price History

Date / Event Date Event Price
Jul 23, 2026 Sold
Premium
Sold
May 14, 2026 In contract -
In contract
Apr 16, 2026 Price Decreased $699,000
↓ $50K (6.7%)
Price Decreased
Mar 23, 2026 Listed by O Kane Realty $749,000
Listed by O Kane Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Building Count: 2
  • Floor Count: 2
  • Total Unit Count: 1
  • Residential Unit Count: 1
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 1,760
  • Lot Size Depth Feet: 110
  • Lot Size Frontage Feet: 16
  • Building Depth: 36
  • Building Frontage: 16
  • Gross Building Area: 1,408

    Building Floor Area

  • Residential Building Floor Area: 1,408

    Floor Area Ratio

  • Built Floor Area Ratio: 1
  • Residential Floor Area Ratio: 1
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: A5
  • Lot Type: 5
  • Land Use: 01
  • Irregular Lot Code: N
  • Proximity Code: 3
  • Extension Code: G

Neighborhood

  • Community District: 405
  • City Council District: 30
  • Police Precinct: 104
  • Fire Company: Q288
  • Health Area: 1700
  • Sanitation District Borough: 4
  • Sanitation Subsection: 1E
  • School District: 24

Zoning

  • Split Boundary Zone Indicator: Y
  • Zoning: R5B
  • Zoning District 2: R4-1

Geography

  • Borough Name: QN
  • Borough Code: 4
  • Block: 2655
  • Lot: 26
  • Borough Block Lot: 4026550026

    Address

  • Full Address: 59-40 Flushing Avenue
  • Zip Code: 11378

Valuation

    Assessments Valuation

  • Assessed Total Value: $44,700
  • Assessed Land Value: $12,480

    Exemptions

  • Exempt Total Value: $3,380
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northwestern Queens

Stats & Trends

Median Asking:

$800,000

Sale Price/ft²

$643

Above Asking

0.25%

Average Days on Market

117

Average Home Size

1957 ft²

Average Home Age

61.6 years

Currently For Sale

1959 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 10 Montieth Street, Brooklyn, NY 11206

$3,593 /mo

  • 1 Bed
  • 1 Bath
10 Montieth Street #725, Brooklyn, NY 11206 Listing by Arie Moller
Unit for rent at 89 Dekalb Avenue, Brooklyn, NY, 11221

$7,995 /mo

  • 2 Beds
  • 2 Baths
89 Dekalb Avenue #14F, Brooklyn, NY, 11221 Listing by Cherish Dawn
Unit for rent at 42-06 Orchard Street, NEWYORK, NY, 11101

$6,891 /mo

  • 2 Beds
  • 1 Bath
42-06 Orchard Street, NEWYORK, NY, 11101 Listing by Kadia Shoval

Rentals Near You

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 59-40 Flushing Avenue built and last sold?
The property at 59-40 Flushing Avenue was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 59-40 Flushing Avenue is $0.
What are some comparable homes to 59-40 Flushing Avenue?
There are currently no comparable homes to 59-40 Flushing Avenue.
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