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Listing Courtesy of Brown Harris Stevens Queens LLC
$ 3,500,000
Est. payment /mo
New
57-28 59TH Street Queens, NY 11378
10 Beds
6 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Maspeth
MLS Listing ID RLS20041784
Style Walk-Up
Bedrooms 10
Full Baths 6
HOA Y/N No
Year Built 1920
Annual Tax Amount $15,792
Property Sub-Type Single Family Residence
Property Description
Rare Queens corner lot with significant air rights potential, existing mixed-use buildings, and value-add or ground-up development options.
This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.
Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.
Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.
The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.
Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.
Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.
Full offering memorandum, rent roll, and zoning analysis available upon request.
This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.
Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.
Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.
The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.
Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.
Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.
Full offering memorandum, rent roll, and zoning analysis available upon request.
Location
State NY
County Queens
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Other
Fireplace No
Laundry In Unit
Exterior
Exterior Feature Private Outdoor Space Under 60 Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Story 1
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $1, 316
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Elegran