59-47 58th Avenue is a spectacular, fully-detached brick two-family built in 1930, located on a serene block in Maspeth, near a handful of commuting options, including the Q39, Q59, and B57 buses, and very close to Exit 17W on the Long Island Expressway!

This very unique property is sized at 44'-wide x 40'-deep and consists of two buildings with two separate addresses on one parcel of land, allowing for incredible upside for the savvy investor! Situated on a soft curve at the intersection of 58th Avenue/Grand Avenue, the building faces slightly southeast and projects out ahead of its neighbors, imbuing it with plenty of natural light. The interior has been well-maintained with full-floor 1BRs on the ground floor, and full-floor 1BRs (plus a bonus room) on the second floor. Gorgeous prewar details persist, with rich parquet wood flooring throughout. Only 1 tenant remains, and the property can be delivered vacant. Boilers were very recently replaced, and basement's in great shape.

Lot size: 2,200 SF (44'-wide x '98'-deep, triangle-shaped)
Allowed usable floor area: 3,881 SF
FAR: 0.67, Max FAR: 0.9
Zoning: R4-1

-CONTACT-

Rocco Losito

rocco@codarealestatenyc.com

347.237.7007