5427 Arnold Avenue, Maspeth, NY, 11378
About This Home
Rare Sunny 6-Family Corner Property in Maspeth – $110K Income! 5 Units Rented + 1 Vacant | Backyard, Partially Finished Basement & 2-Car Driveway Exceptional opportunity to own a 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 throughout and strong long-term investment value. The property is currently generating approximately $110,000 in annual income, with 5 rent-stabilized apartments at legal rents, ensuring consistent and reliable cash flow. The 6th unit is owner-occupied and will be delivered vacant at closing—perfect for an end-user or for increasing rental income. Key Features: 6 total units (5 rented, 1 delivered vacant) Strong, stable income with upside potential Rare building size for Maspeth Sunny corner property with great natural light exposure Full basement (partially finished) – ideal for storage or additional use Private backyard Fenced private driveway – parking for 2 cars (very limited in the area) Conveniently located near major highways, shopping, and local amenities, making it attractive to both tenants and investors. Perfect for investors seeking steady returns or buyers looking to live in one unit while generating income from the rest.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1915
Type & Style
- Home type: MultiFamily
- Property subType: Triplex,Multi Family
Property
Lot
- Lot size: 2,500 sqft
Parking
- Total spaces: 2
- Parking features: Private
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Queens County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,584 | $91,008 |
| Home Insurance * | $331 | $3,972 |
| Property Taxes | $937 | $11,244 |
| Electricity | $681 | $8,180 |
| Total | $9,533 | $114,396 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
No price history available
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