**Mixed-Use Investment Opportunity Maspeth, Queens**Located at **54-08 Flushing Avenue, Maspeth, NY 11378**, this well-maintained mixed-use property presents a compelling investment opportunity in a highly desirable Queens neighborhood. Maspeth is strategically positioned approximately **five miles from Manhattan** and directly east of the sought-after **Williamsburg section of Brooklyn**, benefiting from strong demand and convenient access to surrounding markets.The property sits on **Flushing Avenue**, a busy and valuable commercial corridor featuring retail shopping, banks, popular restaurants, and excellent access to **public transportation**. The immediate area continues to see new development, further enhancing long-term value.Property Overview* **Building Type:** Three-story brick, walk-up mixed-use building* **Total Square Footage:** Approximately **5,835 SF*** **Occupancy:** **100% occupied*** **Residential Units:** **6 apartments** * Two (1) bedroom units approx. **680 SF** each * Four (3) bedroom units approx. **1,000 SF** each* **Commercial Units:** **2 retail stores** (currently a pizza restaurant and a bakery)* **Basement:** Fully open basement with **8-foot ceiling height**Lease & Income Profile* Commercial units are fully leased with **leases expiring soon**, offering near-term upside* Residential apartments are **month-to-month**, providing flexibility for repositioning* Property **can be delivered vacant**, if desired Building Condition* **New roof and new boiler*** **New plumbing and updated electrical systems*** **No known violations*** **Above-ground oil tanks** Financial Highlights* **Actual Gross Income:** $138,000* **Net Operating Income (NOI):** $115,150* **Cap Rate:** Approximately **6.4%**Investment Highlights* Prime mixed-use asset in a strong Queens location* Stable in-place income with upside through lease renewals or repositioning* Proximity to Manhattan and Williamsburg* Well-maintained building with recent capital improvements* Strong demand for both residential and retail space in the area---**Address:** 54-08 Flushing Avenue, Maspeth, NY 11378**Neighborhood:** Maspeth / Fresh Pond Section of Queens
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