Brian O'Connor
Real Estate Salesperson
REALTOR®
MLS#988833
STATUSActive
PROPERTY TYPECommercial -
Property Description
Rare Sunny 6-Family Corner Property in Maspeth - $110K Income!5 Units Rented + 1 Vacant | Backyard, Partially Finished Basement & 2-Car DrivewayExceptional opportunity to own a 6-family, income-producing property in Maspeth, Queens-one of the most desirable and stable rental markets in the borough. Known for its low-density character and strong tenant demand, Maspeth is primarily composed of 1-4 family homes, making a property of this size a rare find.This sunny, 3-story corner building offers excellent natural light throughout and strong long-term investment value. The property is currently generating approximately $110,000 in annual income, with 5 rent-stabilized apartments at legal rents, ensuring consistent and reliable cash flow.The 6th unit is owner-occupied and will be delivered vacant at closing-perfect for an end-user or for increasing rental income.Key Features:6 total units (5 rented, 1 delivered vacant)Strong, stable income with upside potentialRare building size for MaspethSunny corner property with great natural light exposureFull basement (partially finished) - ideal for storage or additional usePrivate backyard Fenced private driveway - parking for 2 cars (very limited in the area)Conveniently located near major highways, shopping, and local amenities, making it attractive to both tenants and investors.Perfect for investors seeking steady returns or buyers looking to live in one unit while generating income from the rest.
Property Features
Property Type: Commercial -
Basement: Full, Partially Finished
Basement: Yes
Cooling: None
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $12,215
Year Built: 1915
Feature Descriptions
Appliances: Gas Oven, Refrigerator
Building Area Total: 4125
Exterior: Brick, Vinyl Siding
Fencing: Back Yard, Partial
Flooring: Ceramic Tile, Tile, Vinyl, Wood
On Market Date: 2026-04-21
Parcel Number: 02638-0036
Parking Features: Private
Parking Total: 2
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: BLT Minimax Realty Inc
Agency Contact: 718-609-0800
Shown By
Agent Name: Brian O'Connor
Agent Phone: (516) 825-6511
Agency Title: Coldwell Banker American Homes
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5427 Arnold Avenue | MLS# 988833
This commercial property located at 5427 Arnold Avenue , Maspeth, NY 11378 is currently listed for sale with an asking price of $1,530,000. Search Maspeth real estate on brianoconnor.cbamhomes.com today.