BEDS7
BATHS4 full
MLS#958843
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens24
Property Description
Free-Market Legal 4 FamilyExceptional opportunity to own a well maintained legal 4 family property in the heart of Maspeth. This solid brick building offers immediate income with significant upside, making it ideal for investors or owner-occupants who want rental cash flow while living on-site. 3 - Two Bedroom One Bath and 1 - One Bedroom One Bath unit plus a full basement and a private backyard. All paying tenants - month-to-month with no leases in place, providing flexibility for the next owner. The property can also be delivered vacant, creating a rare chance to reset rents to market or configure for full owner occupancy. Each unit pays its own electric and gas. Tenants have individual washers and dryers in the basement connected to their respective meters. With rents adjusted to current market rates, the property projects an approximate 5 - 6% cap rate, offering strong long-term performance in a highly desirable Queens neighborhood.Situated on a 25 x 100 lot with an expansive building size of 20 x 72. Major mechanical updates provide peace of mind, including a new gas furnace installed in November 2022, a roof replaced in 2013, and a hot water heater updated in 2025. The building's large basement includes a recreation space, storage, laundry and utility space. Situated on a quiet residential block with convenient access to transportation, shopping, and local amenities, this is a rare value add asset combining immediate stability with future upside. A true Maspeth investment gem.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full, Storage Space
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Other
Lot Size: 0.06 Acres
Taxes: $13,767
Year Built: 1915
Amenities
Eat-in Kitchen
Other
Walk-In Closet(s)
Other
Feature Descriptions
Days on Site: 54
Exterior: Brick
Flooring: Hardwood
Included In Taxes: Sewer, Trash, Water
Laundry: In Basement
Lot Dimensions: 25X100
Lot Features: Near Public Transit, Near School, Near Shops
On Market Date: 2026-02-10
Parcel Number: 02733-0037
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 4
Sewer: Public Sewer
Tenant Pays: Electricity, Gas, See Remarks
Units: 4
Utilities: See Remarks
Water: Public
Local Schools
High School: Grover Cleveland High School
Middle School: Is 73 Frank Sansivieri Intermediate School (The)
Elementary School: Ps 153 Maspeth Elementary
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: EXP Realty
Agency Contact: 888-276-0630
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 5,048.96 per month $3,449.63 Principal & Interest $1,147.25 Property Tax $452.08 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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60-58 60th Road | MLS# 958843
This multi-family property located at 60-58 60th Road, Maspeth, NY 11378 is currently listed for sale with an asking price of $1,550,000. 60-58 60th Road is located within the Queens24 school district. Search Maspeth real estate on www.coldwellbankerchoice.com today.