Prime Mixed-Use Property in Maspeth for Sale

Discover a rare investment opportunity at 55-19 Metropolitan Ave, a well-positioned mixed-use property in the heart of Maspeth, Queens. This exclusive corner asset offers three residential apartments and a spacious 1,274 SF ground-floor commercial unit, all set on a generous 25’ x 100’ lot with coveted R6B, C2-4 zoning. Two private garages add further value and versatility, making this property ideal for investors seeking diversified income and long-term appreciation. 🏢💼

The building generates a robust $142,956 in current gross income, with a pro-forma projection of $155,400 and a 6.6% cap rate at the $1,700,000 asking price. With approximately 1,075 SF of unused FAR and prominent commercial frontage on Metropolitan Ave, there’s significant upside for repositioning or expansion. The residential mix includes a spacious 4-bedroom unit and two 1-bedroom units, catering to a range of tenants and ensuring stable occupancy. 🚀

Located at the crossroads of Ridgewood, Williamsburg, and Long Island City, this property benefits from Maspeth’s steady growth, strong local retail corridors, and proximity to major highways and public transportation. Investors, 1031 exchange buyers, and owner-users will appreciate the blend of in-place cash flow, future development potential, and access to a thriving, supply-constrained neighborhood. Seize this chance to own a cornerstone asset in one of Western Queens’ most promising submarkets! 🌇🔑

Location Advantages:

• 🚌 Steps to Q54, Q39, Q58 bus lines for easy Manhattan & Brooklyn access

• 🚇 Close to M & L subway stations (Forest Ave, Middle Village-Metropolitan Ave)

• 🛒 Near Metro Mall, Stop & Shop, and Key Food for convenient shopping

• 🍽️ Surrounded by local favorites like Rosa’s Pizza, O’Neill’s, and Maspeth Ale House

• 🏫 Zoned for PS 153 Maspeth Elementary and Grover Cleveland High School

• 🏥 Minutes to Wyckoff Heights Medical Center and Elmhurst Hospital

• 🌳 Walking distance to Juniper Valley Park and Frontera Park for recreation

• 🏋️‍♂️ Close to Blink Fitness and Planet Fitness gyms

• 🎭 Short drive to Queens Theatre and Museum of the Moving Image

• 🏦 Multiple banks, pharmacies, and essential services nearby

• 🚗 Easy access to Long Island Expressway, BQE, and major highways

• 🏙️ Rapidly growing residential and commercial corridor with strong demand