Monica Gowargy
Price Reduced 1.96%
Price History
$1,530,000
4/21/2026
$1,499,999
6/1/2026
5427 Arnold Avenue, Maspeth, NY, 11378
1915
JUST REDUCED – Now $1,499,999! Rare 6-Family Corner Building | $110K+ Income | Vacant Unit at Closing 5 Units Rented + 1 Delivered Vacant | Backyard, Partially Finished Basement & 2-Car Private Driveway Recently Reduced to $1,499,999! Don't miss this exceptional opportunity to own a rare 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, strong long-term investment potential, and is currently generating over $110,000 in annual rental income from 5 of its 6 apartments. The 6th apartment is owner-occupied and will be delivered vacant at closing, providing a rare opportunity for an owner-occupant or the potential to further increase rental income and overall cash flow. Property Highlights Price Reduced to $1,499,999 6 Total Apartments 5 Income-Producing Units 1 Unit Delivered Vacant $110,000+ Annual Income Rare 6-Family Building in a Neighborhood Dominated by 1–4 Family Homes Sunny Corner Location with Excellent Natural Light Full Basement Private Backyard Fenced Private Driveway with Parking for 2 Cars min. Convenient Access to Major Highways, Shopping, Restaurants, and Local Amenities Whether you're an investor seeking stable cash flow and long-term appreciation or an owner-occupant looking to offset expenses with rental income, this unique Maspeth property presents a rare opportunity in a highly desirable Queens neighborhood. Price Improvement – Now Offered at $1,499,999. Schedule your private showing today.
Status:
Active
Type:
Commercial
Units:
6
Heating:
Natural Gas
Cooling:
None
Basement:
Full, Partially Finished
Parking:
2-car, Private
Acreage:
0.06
Est. Taxes:
$12,215
Assessment
$329,400
Construction
Brick, Vinyl Siding
Utilities
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Days on Market:
41
Appliances:
Gas Oven, Refrigerator
MLS #:
988833
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of BLT Minimax Realty Inc 718-609-0800