In contract

$1,650,000

5501 Metropolitan Ave, Flushing, NY 11385

6beds

4,262sqft

Mixed Use

Built in 1950

-- sqft lot

$1,538,000 Zestimate^®

$387/sqft

$-- HOA

What's special

Single car garageHigh ceilingsGround floor businessLarge windowsCorner lot

Ridgewood. Great opportunity to own mixed use property in nice, established Queens neighborhood. Schools, salons, deli, restaurants and the M Line nearby. This 3 level mixed use property is on a corner lot in very nice neighborhood filled with residences and local businesses. Super opportunity for entrepreneurs or property developers! Ground floor business already in place with rental of approximately $3k monthly For the Restaurant, Bakery is not in Use. Upper two floors house identical 3 bedroom / 1 bath apartments with high ceilings and large windows. Each apartment has rental potential of $2500 to $2800 monthly. Single car garage and driveway at back of property. R-6B Zoning. Univ Bldg. Sgft: 4262 G Call to schedule your viewing today as this prime property will not last long!

849 days

10

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 2
1/2 bathrooms: 2

Rooms

Room types: Bike Room

Features

Flooring: Hardwood

Interior area

Total structure area: 4,262
Total interior livable area: 4,262 sqft

Property

Parking

Parking features: Garage
Has garage: Yes

Details

Parcel number: 026400011
Special conditions: Resale

Construction

Type & style

Home type: SingleFamily
Property subtype: Mixed Use

Materials

Roof: Roof Rights

Condition

Year built: 1950

Community & HOA

Community

Subdivision: Maspeth

Location

Region: Flushing

Financial & listing details

Price per square foot: $387/sqft
Tax assessed value: $1,485,000
Date on market: 3/11/2024

Estimated market value

$1,538,000

$1.34M - $1.74M

$6,698/mo

Price history

Date	Event	Price
4/3/2025	Contingent	$1,650,000$387/sqft
Source: StreetEasy #S1703968 Report a problem
4/3/2025	Pending sale	$1,650,000$387/sqft
Source: OneKey® MLS as distributed by MLS GRID #810107 Report a problem
10/14/2024	Price change	$1,650,000+0.1%$387/sqft
Source: StreetEasy #1703968 Report a problem
8/31/2024	Price change	$1,649,000-0.1%$387/sqft
Source: StreetEasy #1703968 Report a problem
8/31/2024	Listed for sale	$1,650,000$387/sqft
Source: OneKey® MLS as distributed by MLS GRID #3537338 Report a problem
6/27/2024	Pending sale	$1,650,000+0.1%$387/sqft
Source: OneKey® MLS as distributed by MLS GRID #3537338 Report a problem
4/29/2024	Price change	$1,649,000-0.1%$387/sqft
Source: StreetEasy Report a problem
3/11/2024	Listed for sale	$1,650,000$387/sqft
Source: StreetEasy Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$89,100 +14.5%
2024	--	$77,820 -15.6%
2023	--	$92,160 +22.1%
2022	--	$75,480 +11%
2021	--	$67,980 +17%
2020	$6,969 +6%	$58,080 +15%
2019	$6,575 +7.3%	$50,520 +72.4%
2018	$6,130 +3.4%	$29,304 +0.7%
2017	$5,930 +6.1%	$29,088 +1.8%
2016	$5,589	$28,584 +4.2%
2015	$5,589 +68.9%	$27,438 +6%
2014	$3,310	$25,885

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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