Residential
Residential
57-28 59th Street, Maspeth, New York, 11378, USA
USD $3,500,000
57-28 59th Street, Maspeth, New York, 11378, USA
Listed by: Matthew Wynter | Brown Harris Stevens
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.
Highlights:
Corner lot with significant air rights potential
Mixed-use buildings with development options
High-visibility location near major roads
Listed by Matthew Wynter | Brown Harris Stevens
Highlights:
Corner lot with significant air rights potential
Mixed-use buildings with development options
High-visibility location near major roads
Zoned for commercial or residential use
Flexibility for various development strategies
