House, 57-28 59TH Street #, Maspeth

Description

Rare Queens corner lot with significant air rights potential, existing mixed-use buildings, and value-add or ground-up development options.

This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.

Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.
Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.

The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.

Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.

Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.

Full offering memorandum, rent roll, and zoning analysis available upon request. Listing courtesy of Brown Harris Stevens Queens LLC ...
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