58-61 59th Street

Property feature image
Property gallery image
Property gallery image
Property gallery image
Address: 58-61 59th St, Flushing, NY 11378, USA
New York & Tri-State + Apartment Buildings
Created date: November 3, 2026
Date last updated: November 3, 2026
Price: $1,750,000Investment Analyzer NEW!

Property Description

Excellent investment opportunity in the heart of Maspeth, Queens! This solid brick two-family property at 58-61 59th Street offers approximately 2,244 square feet of building space on a generous 25 x 107-foot lot, this double wide lot offers parking for up to 6 large vehicles including buses or mini-vans. Featuring two stories, a full basement, and classic brick construction, this property presents an ideal opportunity for investors, developers, or owner-occupants seeking a multifamily residence with long-term value and potential. Situated in a desirable residential neighborhood with convenient access to shopping, restaurants, schools, and transportation, the property offers excellent connectivity to Brooklyn, Manhattan, and surrounding Queens communities. Zoned R5B with a C2-3 commercial overlay, the property may offer additional possibilities for renovation or expansion and build a larger multi-unit, subject to zoning regulations and approvals. Whether you're looking to generate rental income, create your ideal residence, or explore future development opportunities, this Maspeth property is full of potential. Don't miss this opportunity to invest in an established Queens neighborhood!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,750,000
Year Built: 1930
Lot Size: 2,744.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 7
Number of Bathrooms: 3
Address: 58-61 59th Street, Maspeth, NY 11378, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

60-98 69th Ave

Ridgewood, New York
New York & Tri-State + Apartment Buildings
Price: $1,799,000

61 Mathias Avenue, Unit 63

Amsterdam, New York
New York & Tri-State + Apartment Buildings
Price: $269,000

7502 Avenue V

Brooklyn, New York
New York & Tri-State + Apartment Buildings
Price: $1,595,000

Brokers

View All

Lenders

View All