57-28 59th Street
Maspeth | 57th Road & 57th Drive
Ownership
Mixed Use
Lot Size
25'x107'
Floors/Apts
2/2
Status
Active
Real Estate Taxes
[Per Annum]
$ 6,999
Building Type
Low-Rise
Building Size
25'x40'
Year Built
1920
ASF/ASM
8,060/749
Property Description
Rare Queens corner lot with significant air rights potential, existing mixed-use buildings, and value-add or ground-up development options.
This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.
Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.
Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.
The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.
Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.
Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.
Full offering memorandum, rent roll, and zoning analysis available upon request.
This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.
Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.
Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.
The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.
Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.
Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.
Full offering memorandum, rent roll, and zoning analysis available upon request.
Rare Queens corner lot with significant air rights potential, existing mixed-use buildings, and value-add or ground-up development options.
This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.
Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.
Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.
The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.
Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.
Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.
Full offering memorandum, rent roll, and zoning analysis available upon request.
This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.
Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.
Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.
The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.
Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.
Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.
Full offering memorandum, rent roll, and zoning analysis available upon request.
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
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Apartment Features
A/C
Building Details [57-28 59th Street]
Ownership
Mixed Use
Block/Lot
2675/39
Building Size
25'x40'
Zoning
M1-1D
Building Type
Low-Rise
Year Built
1920
Floors/Apts
2/2
Lot Size
25'x107'
Building Amenities
Garage
Mortgage Calculator in [US Dollars]
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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