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5869 59th St
Maspeth, NY 11378
 Multifamily Property For Sale · 3 Units

Apartment Buildings New York Maspeth 5869 59th St, Maspeth, NY 11378

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Executive Summary

Discover an exceptional investment or end-user opportunity with this detached three-family home, perfectly positioned on a quiet residential block and paired with a valuable vacant lot next door. Properties like this are increasingly hard to find, offering both immediate rental income and long-term development potential.

Property Facts Under Contract

Price Per Unit $533,333 Building Class C
Sale Type Investment Lot Size 0.12 AC
Sale Conditions
Distress Sale
  • Build to Suit
  • Redevelopment Project
 Building Size 3,525 SF
No. Units 3 Average Occupancy 100%
Property Type Multifamily No. Stories 3
Property Subtype
Apartment
  • Multifamily Dormitory
 Year Built 1930
Apartment Style Townhome
Zoning R5B C2-3 - A low-rise, contextual residential district allowing up to ~33-ft buildings (1.35 FAR) with a C2-3 overlay permitting neighborhood retail and service uses—typically ground-floor commercial with housing above, serving local needs
Price Per Unit $533,333
Sale Type Investment
Sale Conditions
Distress Sale
  • Build to Suit
  • Redevelopment Project
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class C
Lot Size 0.12 AC
Building Size 3,525 SF
Average Occupancy 100%
No. Stories 3
Year Built 1930
Zoning R5B C2-3 - A low-rise, contextual residential district allowing up to ~33-ft buildings (1.35 FAR) with a C2-3 overlay permitting neighborhood retail and service uses—typically ground-floor commercial with housing above, serving local needs

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Property Taxes

Parcel Numbers
Multiple
  • 02699-0003
  • 02699-0001
 Improvements Assessment $34,048
Land Assessment $18,986 Total Assessment $53,034

Property Taxes

Parcel Numbers
Multiple
  • 02699-0003
  • 02699-0001
Land Assessment
$18,986
Improvements Assessment
$34,048
Total Assessment
$53,034
 

  • Listing ID: 39891097

  • Date on Market: 3/24/2026

  • Last Updated:

  • Address: 5869 59th St, Maspeth, NY 11378

The Multifamily Property at 5869 59th St, Maspeth, NY 11378 is currently available for Sale. Contact RE/MAX Team for more information.

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