Check Availability
$1,550,000
Multifamily - In Contract

60-23 54th Place

Maspeth, NY 11378
bedrooms
8 Beds
bathrooms
5 Baths, 1 Half Bath
$8,376
Estimated Monthly
$0
HOA / Fees
8.70%
Cap Rate

About This Property

Exceptional 4-Family Investment Opportunity in Maspeth ,Calling all savvy investors! This is your chance to secure an outstanding income-generating property. This unique 4-family gem in Maspeth offers unparalleled potential. Here's what makes it truly special: Property Highlights Four 2-bedroom "railroad" apartments, each boasting a generous 900 sqft of living space. Very Unique property every room has windows ,due to the air shaft which will bring in extra light to each room compared to other 4 family that have only windows in the front and back. This unique property has windows in every room . Every unit is thoughtfully designed, featuring a spacious living room, a cozy eat-in kitchen, a full bathroom, and two inviting bedrooms with ample natural light. A fully finished 2-bedroom unit in the basement adds to the property's income potential. Situated on a 25x100 lot, there's ample room for future expansion or creating an outdoor oasis. A total of 3,400 sq ft of well-utilized living space. The property brims with untapped potential, offering you various opportunities to maximize returns. Recent Renovations: Enjoy peace of mind with recent upgrades that include a new roof (only 1 year old), a water tank (2 years old), and a boiler that's just a decade old. These updates not only ensure the property's longevity but also enhance its appeal to prospective tenants. Tenants are responsible for their cooking gas and electric, minimizing your expenses. Prime Location Nestled in Maspeth, this property is ideally located near the "knockdown center," local shops, and reliable transportation options. The L train is just minutes away, offering a swift 20-minute commute to 14th Street in Manhattan and a mere 5-minute journey to Williamsburg. Don't miss out on this exclusive investment opportunity. Explore the remarkable potential of this unique 4-family property in Maspeth.
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$765
HOA Dues
-
Year Built
1915
Listed By
Raymond Rivera
Raymond Rivera
One Stop Multi Service Inc
Last updated: 3 months ago (OneKey MLS #ONE3515134)

Price History

Date / Event Date Event Price
Feb 8, 2024 In contract -
In contract
Nov 6, 2023 Listed by One Stop Multi Service Inc $1,550,000
Listed by One Stop Multi Service Inc
Feb 20, 2007 Sold to Nancy Leger $625,000
Sold to Nancy Leger

Property Highlights

Air Conditioning
Parking Details
Parking Features: None
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 4

Interior Information

Interior Features: Eat-in Kitchen

Room 1

Level: First
Type: 1R 2Bedroom income $2100

Room 2

Level: First
Type: 1L

Room 3

Level: Second
Type: 2R 2Bedroom income $2000

Room 4

Level: Second
Type: 2R

Room 5

Level: Second
Type: 2R

Room 6

Level: Second
Type: 2R

Room 7

Level: Second
Type: 2R

Room 8

Level: Second
Type: 2L 2Bedroom income $1950

Room 9

Level: Second
Type: 2L

Room 10

Level: Second
Type: 2L

Room 11

Level: Second
Type: 2L

Room 12

Level: First
Type: 1R

Room 13

Level: Second
Type: 2L

Room 14

Level: Basement
Type: 1 2Bedroom income $650

Room 15

Level: Basement
Type: 1

Room 16

Level: Basement
Type: 1

Room 17

Level: Basement
Type: 1

Room 18

Level: Basement
Type: 1

Room 19

Level: First
Type: 1R

Room 20

Level: First
Type: 1R

Room 21

Level: First
Type: 1R

Room 22

Level: First
Type: 1L 2Bedroom income $2100

Room 23

Level: First
Type: 1L

Room 24

Level: First
Type: 1L

Room 25

Level: First
Type: 1L

Room Information

Rooms: 16

Basement Information

Basement: Finished, Full

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
8 Beds
5 Baths
-
$1,450,000 Jun 11, 2023
$1,450,000 Dec 14, 2023
$765/mo
Multifamily
8 Beds
4 Baths
-
$2,150,000 Sep 12, 2021
$2,150,000 Mar 18, 2022
$703/mo
Multifamily
8 Beds
5 Baths
-
$1,200,000 Apr 11, 2022
$1,200,000 Sep 22, 2022
$693/mo
Multifamily
8 Beds
4 Baths
-
$1,200,000 Feb 11, 2022
$1,200,000 Aug 2, 2022
$623/mo
Multifamily
8 Beds
4 Baths
-
$1,350,000 Jul 14, 2021
$1,350,000 Jan 25, 2022
$654/mo
Multifamily
8 Beds
4 Baths
-
$1,100,000 Apr 6, 2020
$1,100,000 Aug 3, 2020
$653/mo
Multifamily
8 Beds
4 Baths
-
$1,389,000 Oct 16, 2023
-
$582/mo
Multifamily
8 Beds
2 Baths
3,000 ft²
$550/ft²
$1,650,000 Jan 12, 2024
-
$513/mo
Multifamily
8 Beds
4 Baths
-
$1,300,000 Sep 26, 2022
-
$583/mo
Multifamily
7 Beds
4 Baths
-
$1,479,000 Mar 30, 2023
-
$765/mo
Multifamily
7 Beds
3 Baths
-
$1,289,000 Nov 27, 2023
-
$538/mo
Multifamily
9 Beds
4 Baths
-
$1,355,000 Nov 27, 2023
-
$901/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

60-23 54th Place 60-23 54th Place, Maspeth, NY 11378
  • 4 Units
More about this Building
60-23 54th Place
Want to find out who owns 60-23 54th Place, Maspeth, NY 11378? Get detailed property transactions here .

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