60-23 54th Place

$1,450,000
Price
8
Beds
3,400 Sq. Ft.
$426 / Sq. Ft.
3,400
Sq. Ft.
$426
per Sq. Ft.

Description

Start the New Year ! This is your chance to secure an outstanding income-generating property. This unique 4-family gem in Maspeth offers unparalleled potential. Here's what makes it truly special: Property Highlights Four 2-bedroom "railroad" apartments, each boasting a generous 900 sq ft of living space. Very Unique property every room has windows ,due to the air shaft which will bring in extra light to each room compared to other 4 family that have only windows in the front and back. This unique...Start the New Year ! This is your chance to secure an outstanding income-generating property. This unique 4-family gem in Maspeth offers unparalleled potential. Here's what makes it truly special: Property Highlights Four 2-bedroom "railroad" apartments, each boasting a generous 900 sq ft of living space. Very Unique property every room has windows ,due to the air shaft which will bring in extra light to each room compared to other 4 family that have only windows in the front and back. This unique property has windows in every room . Every unit is thoughtfully designed, featuring a spacious living room, a cozy eat-in kitchen, a full bathroom, and two inviting bedrooms with ample natural light. A fully finished 2-bedroom unit in the basement adds to the property's income potential. Situated on a 25x100 lot, there's ample room for future expansion or creating an outdoor oasis. A total of 3,400 sq ft of well-utilized living space.
  1. Listed by Raymond N. Rivera • One Stop Multi Service Inc
    P: (718)-554-0257 C: (718)-554-0257 onestophousing1@aol.com

Property Details for 60-23 54th Place

View
City
Waterfront
No
Section Area
Nurge ave
LISTING UPDATED: 01/11/2025 12:16 PM

Property Details for 60-23 54th Place

StatusActive
MLS ID809356
Days on Market18
Taxes$10,104 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeQuadruplex
Year Built1915
Lot Size2,500 SF / 25' x 100'
CountyQueens County

Building

60-23 54th Pl

4 Units2 StoriesBuilt in 1915

Building Information for 60-23 54th Place

Stories2Residences4Year Built1915Building Size25' x 68'Building Sq. Ft3,400 SFLot Size2,500 SF / 25' x 100'Building Age-Building Type-

Property Information for 60-23 54th Place

Summary
Location and General Information
  • Senior Community YN: No
  • Directions: Google Maps
  • Tax Block: 02636-0036
  • Year Built Effective: 1920
  • Property Attached: Yes
  • Structure Type: true
  • Property Condition: Actual
  • State Or Province: NY
School Information
  • School District: Queens24
  • Elementary School: Ps 153 Maspeth Elementary
  • Middle Or Junior School: Middle College High Sch At Laguardia
  • High School District: Queens24
  • High School: Grover Cleveland High School
Unit Information
Unit 1 Information
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,600.00
Unit 2 Information
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,100.00
Unit 3 Information
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,200.00
Unit 4 Information
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,600.00
Unit Information
  • Building Units Total: 4
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 02636-0036
  • Tax Assessed Value: $256,950.00
  • Included In Taxes: Trash
  • Tenant Pays: Electricity,Gas
Income & Expenses Information
Income & Expenses Information
  • Gross Income: $121,800.00
  • Fuel Expense: $4,800.00
  • Other Expense: $900.00
  • Operating Expense: $20,202.00
  • Cap Rate: 7.00%
Interior and Exterior Features
Interior Features
  • Amenities: Ceramic Tile, City, Double Pane Windows, Eat in Kitchen, Hardwood Floors As Seen, High Speed Internet, In Basement, Laminate, Public
  • Interior Features: Eat-in Kitchen, High Speed Internet
  • Basement: Finished
  • Fireplace: No
  • Location Amenities: Exposure South, Hardwood Floors As Seen, Eat in Kitchen, High Speed Internet, City view, Double Paned Windows
  • Laundry Features: In Basement
  • Spa: No
  • Window Features: Double Pane Windows
  • Flooring: Ceramic Tile,Hardwood,Laminate
Exterior Features
  • Exterior Property Features: On Street, Double Pane Windows, City Lot
  • Elevation Certificate: No
  • Construction Materials: Vinyl Siding
  • Pool Private: No
  • Direction Faces: South
Lot Information
  • Lot Features: City Lot
  • Lot Size Dimensions: 25x100
  • Site Features: City Lot
  • Building Area Units: Square Feet
Parking
  • Parking Features: On Street
  • Garage: No
Utilities
  • Cooling: Wall/Window Unit(s)
  • Heating: Hot Water
  • Heat Fuel Type: Hot Water
  • Number Of Heating Zones: 1
  • Number Of Separate Gas Meters: 5
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Connected
  • Number Of Separate Electric Meters: 4
Green Features
  • Green Features: Double Pane Windows, Hot Water

Property History for 60-23 54th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 60-23 54th Place

Taxable ValueLand$88,650Additions$168,300Total$256,950
Home Facts
Total Finished SqFt3,400 SqFtLot Size2,500 SqFtYear Built1915ZoningR4APN4026360036

Schools near 60-23 54th Place

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Is 93 Ridgewood
Public6 to 8

Grover Cleveland H.S.
Public9 to 12

Maspeth High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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60-23 54th Place is a multi-family home for sale in Maspeth. This property was listed for sale on January 3, 2025 by One Stop Multi Service Inc, it's currently listed at $1,450,000. This listing's school district is New York City Geographic District #24. Nearby schools include ACE Academy for Scholars at the Geraldine Ferraro Campus, Is 93 Ridgewood and Grover Cleveland H.S.. 60-23 54th Place is a 8-bed, 4-bath, 3,400 sqft multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of One Stop Multi Service Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.