5630 61St St Maspeth, NY 11378

This fully renovated corner brick building presents a unique investment opportunity in the heart of Maspeth, NY. The property boasts a substantial 25 ft x 100 ft footprint and generates immediate cash flow through five well-maintained residential units. Currently, the building comprises four two-bedroom apartments and one four-bedroom apartment, commanding monthly rents of $2,941, $3,146, $2,959, $3,141, and $4,200 respectively. Approved plans are in place to develop additional parking spaces in the rear yard, offering significant potential for increased income and enhanced tenant appeal. This presents a compelling opportunity for investors seeking a strong return on investment in a desirable location. The building's prime corner location ensures high visibility and accessibility. The property is offered at $2,500,000. Note that this property can be purchased as part of a larger package deal that includes a neighboring property at 60-41 56th Rd. This presents a rare chance to acquire a substantial portfolio in a thriving commercial area. The existing rental income provides a solid foundation for future growth and potential appreciation. Serious inquiries are encouraged.