56 61 Street | MaspethBack to Listings
|ASF | SM||0|
|Pet Policy||Pets OK|
Excellent cap rate in prime Queens location! Market-ready, income producing investment property with two modern two bedroom apartments and 2,200 square feet of first floor commercial space in Maspeth; one of Queens’ most increasingly evolving neighborhoods. 56-08 61st Street is a fully gut-renovated with new electrical and plumbing. Energy efficient building with all-electric appliances with no gas emissions coming from the house at all. On demand hot water tank in each apartment. All units are on separate meters – tenants pay all of their own utilities. All new and energy efficient heating and air conditioning units in each apartment. First floor commercial space could potentially be converted into residential. The commercial space on the first floor is 2,200 square feet. There is also a 700 square foot cellar. The commercial space and second floor are currently vacant. The third floor residential unit currently has a tenant in place (lease ends 8/31/2018) paying $2100/month. Easily accessible to the LIE, Midtown Tunnel, and Williamsburg/Greenpoint. A few blocks to Maurice Park.
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