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6042 55th St, Maspeth, NY, 11378

3beds
3baths
2,800sqft
$1,799,999
$643price/sqft
$11,085/moest. monthly cost
$443,400/yrincome needed

About This Home

Mixed-use property located in the heart of Maspeth featuring a commercial unit on the ground floor and two residential units above. The commercial space was previously operated as a grocery store and includes a gas line and existing commercial hood, offering strong potential for food-related use (subject to approvals), commercial space is vacant. The residential portion consists of two units: 2bed/1bath apt & 1bed/1bath apt, currently rented on a month-to-month basis, providing flexibility for both investors and end-users. The property includes a full basement used for storage, a recently replaced roof under warranty, and a boiler that was updated less than one year ago. At the rear, the property offers a total of four garage spaces: one double-car garage and two additional single-car garages. The garages are currently rented on an informal basis, creating additional income potential. Conveniently located near major transportation routes, local businesses, and community amenities. Ideal opportunity for investors seeking a mixed-use asset with income potential and future upside. Perfect deal for investors, zoning R4 and lot is 25.25ft x 100ft CORNER !

Getting Around

86
WalkingVery Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

3/10
Is 93 RidgewoodGrades 6-80.8 mi
2/10
Grover Cleveland H.S.Grades 9-120.3 mi

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Interior Area

  • Total structure area: 2,800
  • Total interior livable area: 2,800 sqft

Property

Details

  • Parcel number: 026380007
  • Special condition: Resale

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
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

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

MonthlyAnnual
Mortgage $9,101$109,212
Home Insurance *$398$4,776
Property Taxes $1,124$13,488
Electricity $462$5,552
Total$11,085$133,020
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$380,057/yr
40% on housing$332,550/yr
45% on housing$295,600/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$643This listing

vs Other Active Listings

Avg $/sqft

ZIP 11378$599
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11378$612
Queens County$600

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

DateEventPrice
2026-04-23Listed for sale$1,799,999
2014-07-05Listing removed$1,650
2014-06-04Listed for rent$1,650

For Sale by Agent

AgentRoyer Silva
BrokerageRoyer I Silva Rosales, LREB

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