Buy with Yoreevo
$1,473,749
List Price: $1,499,999
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5427 Arnold Avenue
House in Maspeth •  building info
studio • 2,500ft² $600 per ft²
Buy with Yoreevo

$1,473,749

List Price

$1,499,999

Key Details
Days on market
42
Last price change
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Estimated payment
$9,112/mo
Taxes
Maintenance
N/A
Description
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.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,499,000
Asking Price: $1,499,999
Term
30 Years
Down Payment
$149,000 (10%)
Min: 10% (149,000)
Rate
6.0 %
Mortgage Amount
$1,349,999
Mortgage Payment
$8,094
Taxes
$1,018
Estimated Yoreevo rebate
$26,250
Estimated closing cost
$54,000
Total monthly cost $9,112
Buy your dream home with us and get an estimated $26,250 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of BLT Minimax Realty Inc

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