About this home

Excellent investment opportunity in the heart of Maspeth, Queens! This solid brick two-family property at 58-61 59th Street offers approximately 2,244 square feet of building space on a generous 25 x 107-foot lot, this double wide lot offers parking for up to 6 large vehicles including buses or mini-vans. Featuring two stories, a full basement, and classic brick construction, this property presents an ideal opportunity for investors, developers, or owner-occupants seeking a multifamily residence with long-term value and potential. Situated in a desirable residential neighborhood with convenient access to shopping, restaurants, schools, and transportation, the property offers excellent connectivity to Brooklyn, Manhattan, and surrounding Queens communities. Zoned R5B with a C2-3 commercial overlay, the property may offer additional possibilities for renovation or expansion and build a larger multi-unit, subject to zoning regulations and approvals. Whether you're looking to generate rental income, create your ideal residence, or explore future development opportunities, this Maspeth property is full of potential. Don't miss this opportunity to invest in an established Queens neighborhood!

Facts and features

Schools

• Ps 153 Maspeth

  elementary · K-5 · 0.3 mi

  5

• Grover Cleveland H.S.

  high · 9-12 · 0.5 mi

  2

• Is 73 The Frank Sansivieri Intermediate School

  middle · 6-8 · 1.0 mi

  8

• Martin Luther School

  middle · 6-12 · 0.2 mi

• Ps 9

  elementary · K-9 · 0.2 mi

• St Stanislaus Kostka School

  elementary · PK-8 · 0.3 mi

Price history

• Nov 3, 2026 · Listed$1,750,000
• Oct 19, 1995 · Sold$190,000
• Jul 6, 1990 · Sold$170,000

Tax history

• 2026$8,980 tax · $68,280 assessed
• 2025$8,980 tax · $68,280 assessed
• 2024$8,672 tax · $56,760 assessed
• 2023$8,245 tax · $66,900 assessed
• 2022$5,046 tax · $59,580 assessed
• 2021$8,324 tax · $55,560 assessed
• 2020$8,027 tax · $61,080 assessed
• 2019$7,467 tax · $57,720 assessed

Home value

$1,110,513

• Quantarium$1,110,513
• Collateral Analytics$1,044,000
• Cotality$1,251,700

Where it is