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54-08 Flushing Ave , Maspeth Queens NY 11378 5408 Flushing Ave 8 Unit Apartment Building $2,480,040 CAD ($310,005 CAD/Unit) 6.40% Cap Rate Maspeth, NY 11378
INVESTMENT HIGHLIGHTS
- Very Clean Building. No Violations (as at 12/12/25)
- 0.686 Miles to L Subway Train to Manhattan. Schools Nearby.
- Close to the Metropolitan Oval.
- Close to MTA 38, 52 Buses
EXECUTIVE SUMMARY
100% Occupied
MASPETH QUEENS MIXED USE INVESTMENT OPPORTUNITY .Maspeth is strategically located only five miles from Manhattan. It is also located directly east of the super desirable Williamsburg section of Brooklyn. The property is located on 54 street flushing Ave, Valuable , desirable property on a very busy commercial street. Shopping on flushing Ave . Near public Transportation, banks and cool restaurants . New building near the property. 100% Occupied. Mixed Use 6 Units residential Walkup Building 2 units commerical stores. 6.4% CAP RATE .A Three -story brick building, 5835 Square foot .walk-up Mixed-Use building with Two (1) Bedroom Residential Apartments approximately 680 square foot each and Four (3) bedroom approximately 1000 square foot each, Pizza Restaurant and bakery and plus fully open basement with 8 foot high ceiling. Two stores are all leased and will expire soon. Residential apartments are all month-by-month no lease. New roof and new boiler. New plumbing and updated electrical. No violations. It can be delivered vacant. up-ground oil tanks. Financials Actual Gross Income: 138,000 NOI: 115,150 Cap Rate: 6.4% 54-08 Flushing Avenue Maspeth, NY 11378 Neighborhood: (Maspeth/Fresh Ponds Section of Queens)
6 Units residential apartments Walkup and 2 units commercial stores
5.7% CAP RATE
A Three -story brick building, 5835 Square foot walk-up Mixed-Use building with Two (1) Bedroom Residential Apartments approximately 680 square foot each and Four (3) bedroom approximately 1000 square foot each, Pizza Restaurant and bakery and plus fully open basement with 8 foot high ceiling. Two stores are all leased and will expire soon. Residential apartments are all month-by-month lease. New roof and new boiler. New plumbing and updated electrical. No violations. It can be delivered vacant. up-ground oil tanks.
Financials
Actual Gross Income: 138,000
NOI: 115,150
Cap Rate: 6.4%
54-08 Flushing Avenue
Maspeth, NY 11378
Neighborhood: (Maspeth/Fresh Ponds Section of Queens)
MASPETH QUEENS MIXED USE INVESTMENT OPPORTUNITY .Maspeth is strategically located only five miles from Manhattan. It is also located directly east of the super desirable Williamsburg section of Brooklyn. The property is located on 54 street flushing Ave, Valuable , desirable property on a very busy commercial street. Shopping on flushing Ave . Near public Transportation, banks and cool restaurants . New building near the property. 100% Occupied. Mixed Use 6 Units residential Walkup Building 2 units commerical stores. 6.4% CAP RATE .A Three -story brick building, 5835 Square foot .walk-up Mixed-Use building with Two (1) Bedroom Residential Apartments approximately 680 square foot each and Four (3) bedroom approximately 1000 square foot each, Pizza Restaurant and bakery and plus fully open basement with 8 foot high ceiling. Two stores are all leased and will expire soon. Residential apartments are all month-by-month no lease. New roof and new boiler. New plumbing and updated electrical. No violations. It can be delivered vacant. up-ground oil tanks. Financials Actual Gross Income: 138,000 NOI: 115,150 Cap Rate: 6.4% 54-08 Flushing Avenue Maspeth, NY 11378 Neighborhood: (Maspeth/Fresh Ponds Section of Queens)
6 Units residential apartments Walkup and 2 units commercial stores
5.7% CAP RATE
A Three -story brick building, 5835 Square foot walk-up Mixed-Use building with Two (1) Bedroom Residential Apartments approximately 680 square foot each and Four (3) bedroom approximately 1000 square foot each, Pizza Restaurant and bakery and plus fully open basement with 8 foot high ceiling. Two stores are all leased and will expire soon. Residential apartments are all month-by-month lease. New roof and new boiler. New plumbing and updated electrical. No violations. It can be delivered vacant. up-ground oil tanks.
Financials
Actual Gross Income: 138,000
NOI: 115,150
Cap Rate: 6.4%
54-08 Flushing Avenue
Maspeth, NY 11378
Neighborhood: (Maspeth/Fresh Ponds Section of Queens)
PROPERTY FACTS
| Price | $2,480,040 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $310,005 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.40% | Building Size | 5,832 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | R4 | ||
| Price | $2,480,040 CAD |
| Price Per Unit | $310,005 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,832 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
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Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (80)
PROPERTY TAXES
| Parcel Number | 02635-0003 | Improvements Assessment | $151,699 CAD |
| Land Assessment | $3,354 CAD | Total Assessment | $155,052 CAD |
PROPERTY TAXES
Parcel Number
02635-0003
Land Assessment
$3,354 CAD
Improvements Assessment
$151,699 CAD
Total Assessment
$155,052 CAD
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54-08 Flushing Ave , Maspeth Queens NY 11378 | 5408 Flushing Ave
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