61-41 Maspeth Avenue
About This Property
Completely renovated from the studs, this sun-drenched home features an expansive main floor with windows on all sides, a beautiful center-island kitchen, space for a full dining set, L shape couch, and a convenient powder room. Step outside to a massive yard and private driveway that fits up to 4 cars or relax on the massive 3-season deck. Upstairs, the primary suite is a true sanctuary with a soaring skylight, abundant closet space, and an ensuite bath, which can easily be converted back into a two-bedroom layout. Complete with a fully finished basement perfect for a mother-in-law suite or second bedroom, this home offers unparalleled versatility for modern living.
Beyond the gorgeous move-in-ready residence, this property sits on an oversized lot presenting a lucrative opportunity to build a massive 3-family dwelling. Situated perfectly on Maspeth Avenue, you are nestled in a vibrant, well-established neighborhood just minutes from local shops, diverse restaurants, parks, and excellent schools. Enjoy a commuter's dream with effortless connectivity to major highways and robust public transportation, making travel throughout New York City simple and convenient. Whether you are looking for an upscale primary residence with an ultimate urban oasis or a premier development project in a booming Queens location, this property delivers unmatched value and upside.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017