54-30 48th St
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54-30 48th St
3,960 SF 100% Leased Retail Building Maspeth, NY 11378 $2,700,000 ($682/SF)
Executive Summary
The subject property, 54-30 48th St is a single story retail property with a full basement in Maspeth Queens.
Property Details: This single-story retail building spans 3,960 square feet and comprises four fully occupied retail units. With leases in place until 2025 and 2030, the property ensures stable and consistent rental income.
Prime Location: Nestled in the heart of Maspeth, Queens, the property benefits from its strategic positioning with easy access to major transportation arteries, including the Queens-Midtown Expressway, the Brooklyn-Queens Expressway, and the Long Island Expressway. 5-minute drive away to Midtown Manhattan.
Strong Tenant Base: The building boasts a roster of robust tenants, ensuring a steady stream of rental income. With 130 feet of frontage at the corner of 54th Road and 48th Street, the property enjoys high visibility.
Property Details: This single-story retail building spans 3,960 square feet and comprises four fully occupied retail units. With leases in place until 2025 and 2030, the property ensures stable and consistent rental income.
Prime Location: Nestled in the heart of Maspeth, Queens, the property benefits from its strategic positioning with easy access to major transportation arteries, including the Queens-Midtown Expressway, the Brooklyn-Queens Expressway, and the Long Island Expressway. 5-minute drive away to Midtown Manhattan.
Strong Tenant Base: The building boasts a roster of robust tenants, ensuring a steady stream of rental income. With 130 feet of frontage at the corner of 54th Road and 48th Street, the property enjoys high visibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,960 SF
Building Class
B
Year Built
2003
Price
$2,700,000
Price Per SF
$682
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.01
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
M2-1
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $260,820 | |
| Land Assessment | $41,400 | Total Assessment | $302,220 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$41,400
Improvements Assessment
$260,820
Total Assessment
$302,220
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54-30 48th St
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