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About the Listing BLTM01 - 189252
Rare Sunny 6-Family Corner Property in Maspeth – $110K Income! 5 Units Rented + 1 Vacant | Backyard, Partially Finished Basement & 2-Car Driveway Exceptional 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 potential Rare building size for Maspeth Sunny corner property with great natural light exposure Full basement (partially finished) – ideal for storage or additional use Private 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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Gas Oven, Refrigerator
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor: Ceramic Tile,Tile,Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Partially Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof:
- Others: Renovated
- Sewer: Public Sewer
- Parking Features: Private
Financial Details
- Tax Amount: $12,215
- Taxes w/Assessments: N/A
- Tax/Property ID: 02638-0036
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
5427 Arnold Ave Maspeth, NY 11378
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