**Mixed-Use Investment Opportunity – Maspeth, Queens**

Located at **54-08 Flushing Avenue, Maspeth, NY 11378**, this well-maintained mixed-use property presents a compelling investment opportunity in a highly desirable Queens neighborhood. Maspeth is strategically positioned approximately **five miles from Manhattan** and directly east of the sought-after **Williamsburg section of Brooklyn**, benefiting from strong demand and convenient access to surrounding markets.

The property sits on **Flushing Avenue**, a busy and valuable commercial corridor featuring retail shopping, banks, popular restaurants, and excellent access to **public transportation**. The immediate area continues to see new development, further enhancing long-term value.

Property Overview

* **Building Type:** Three-story brick, walk-up mixed-use building
* **Total Square Footage:** Approximately **5,835 SF**
* **Occupancy:** **100% occupied**
* **Residential Units:** **6 apartments**

* Two (1) bedroom units – approx. **680 SF** each
* Four (3) bedroom units – approx. **1,000 SF** each
* **Commercial Units:** **2 retail stores** (currently a pizza restaurant and a bakery)
* **Basement:** Fully open basement with **8-foot ceiling height**

Lease & Income Profile

* Commercial units are fully leased with **leases expiring soon**, offering near-term upside
* Residential apartments are **month-to-month**, providing flexibility for repositioning
* Property **can be delivered vacant**, if desired

Building Condition

* **New roof and new boiler**
* **New plumbing and updated electrical systems**
* **No known violations**
* **Above-ground oil tanks**
Financial Highlights

* **Actual Gross Income:** $138,000
* **Net Operating Income (NOI):** $115,150
* **Cap Rate:** Approximately **6.4%**

Investment Highlights

* Prime mixed-use asset in a strong Queens location
* Stable in-place income with upside through lease renewals or repositioning
* Proximity to Manhattan and Williamsburg
* Well-maintained building with recent capital improvements
* Strong demand for both residential and retail space in the area

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**Address:** 54-08 Flushing Avenue, Maspeth, NY 11378
**Neighborhood:** Maspeth / Fresh Pond Section of Queens © 2025 OneKey™ MLS, LLC