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57 -28 59th Street
Maspeth, New York
$3,500,000 Price
10 Bedrooms   6.0 Baths
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Photo 1 of 57 -28 59th Street, Maspeth, New York, $3,500,000, Web #: 23561854Previous PhotoNext Photo1 of 9

Queens Development Site with FAR Bonus

Rare Queens corner lot with significant air rights potential, existing mixed-use buildings, and value-add or ground-up development options.

This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.

Spanning approximately 8,060 square feet of land and offering up to...

Rare Queens corner lot with significant air rights potential, existing mixed-use buildings, and value-add or ground-up development options.

This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike.

Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage.
Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit.

The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies.

Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential.

Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours.

Full offering memorandum, rent roll, and zoning analysis available upon request.

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Maspeth, New York
Type: Townhouse
Price: $3,500,000
Re Tax: $1,316
Web ID: 23561854

Info & Amenities

Type: Townhouse
Rooms: 15.0
Bedrooms: 10
Bathrooms: 6.0
Air conditioning: Yes
Elevator: Yes

Listing Agent(s)

Brown Harris Stevens Real Estate Agent Matthew Wynter
Matthew Wynter
Email Matthew
o: 718-878-1837
c: 347-996-0589

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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2025 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.