5427 Arnold Avenue, Maspeth, NY 11378

• 4,125 sqft

Property Description

JUST REDUCED – Now $1,499,999! Rare 6-Family Corner Building | $110K+ Income | Vacant Unit at Closing 5 Units Rented + 1 Delivered Vacant | Backyard, Partially Finished Basement & 2-Car Private Driveway Recently Reduced to $1,499,999! Don't miss this exceptional opportunity to own a rare 6-family income-producing property in Maspeth, Queens - one of the most desirable and stable rental markets in the borough. Known for its low-density character and strong tenant demand, Maspeth is primarily composed of 1–4 family homes, making a property of this size a rare find. This sunny 3-story corner building offers excellent natural light, strong long-term investment potential, and is currently generating over $110,000 in annual rental income from 5 of its 6 apartments. The 6th apartment is owner-occupied and will be delivered vacant at closing, providing a rare opportunity for an owner-occupant or the potential to further increase rental income and overall cash flow. Property Highlights Price Reduced to $1,499,999 6 Total Apartments 5 Income-Producing Units 1 Unit Delivered Vacant $110,000+ Annual Income Rare 6-Family Building in a Neighborhood Dominated by 1–4 Family Homes Sunny Corner Location with Excellent Natural Light Full Basement Private Backyard Fenced Private Driveway with Parking for 2 Cars min. Convenient Access to Major Highways, Shopping, Restaurants, and Local Amenities Whether you're an investor seeking stable cash flow and long-term appreciation or an owner-occupant looking to offset expenses with rental income, this unique Maspeth property presents a rare opportunity in a highly desirable Queens neighborhood. Price Improvement – Now Offered at $1,499,999. Schedule your private showing today.

Listing Status:

Active

Data Last Updated:

June 25, 2026 at 3:22PM

Listing Office:

BLT Minimax Realty Inc : 718-609-0800

MLS ID:

990773

Interior

• General: Open FloorplanOther
• Basement: FinishedFullPartially Finished
• Flooring: Ceramic TileTileVinylWood
• A/C: None
• Heating: Natural GasOther

Exterior

• Parking: PrivateParking spaces: 2

Location

• Originating MLS: onekey2
• County: Queens

Lot

• Zoning: 02638-0036
• Fencing: Back YardPartial

Utilities

• Utilities: Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas AvailableSewer ConnectedTrash Collection PublicWater AvailableWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2