Sold

5427 Arnold Ave, Queens, NY 11378

Sqft
4,125

View property features, location on map, relevant school information and overview from seller's agent.

Listed byBLT Minimax Realty Inc
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Overview

JUST REDUCED – Now $1,499,999! Rare 6-Family Corner Building | $110K+ Income | Vacant Unit at Closing

5 Units Rented + 1 Delivered Vacant | Backyard, Partially Finished Basement & 2-Car Private Driveway

Recently Reduced to $1,499,999! Don't miss this exceptional opportunity to own a rare 6-family income-producing property in Maspeth, Queens - one of the most desirable and stable rental markets in the borough. Known for its low-density character and strong tenant demand, Maspeth is primarily composed of 1–4 family homes, making a property of this size a rare find.

This sunny 3-story corner building offers excellent natural light, strong long-term investment potential, and is currently generating over $110,000 in annual rental income from 5 of its 6 apartments.

The 6th apartment is owner-occupied and will be delivered vacant at closing, providing a rare opportunity for an owner-occupant or the potential to further increase rental income and overall cash flow.

Property Highlights
Price Reduced to $1,499,999
6 Total Apartments
5 Income-Producing Units
1 Unit Delivered Vacant
$110,000+ Annual Income
Rare 6-Family Building in a Neighborhood Dominated by 1–4 Family Homes
Sunny Corner Location with Excellent Natural Light
Full Basement
Private Backyard
Fenced Private Driveway with Parking for 2 Cars min.
Convenient Access to Major Highways, Shopping, Restaurants, and Local Amenities

Whether you're an investor seeking stable cash flow and long-term appreciation or an owner-occupant looking to offset expenses with rental income, this unique Maspeth property presents a rare opportunity in a highly desirable Queens neighborhood.

Price Improvement – Now Offered at $1,499,999. Schedule your private showing today.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
4,125
Lot size (acres)
0.06
Year built
1915

Interior features

Basement
Yes, Partially finished

Exterior features

Horse amenities
Stable

Utilities

Heating
Natural Gas, Other
Cooling
None
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$12,215

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Onekey MLS MLS®#: 990773 Last checked:

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