6040 55th Drive, Maspeth, NY 11378 - Photo 1

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$1,499,000

For Sale
Active
Multi-Family
10 Total Beds
2 Car Garage

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Property Description

Perfect Investment Opportunity For A Buyer Looking For A Steady Cash Flow & Multi Family Property That Offers Unregulated Rent. This Four Family Is Configured As Two Individual Two Family Properties Offering Four Market Rate Rental Units That Are Not Subject To Rent Control Or Rent Stabilization. Both Buildings Are In A Very Good Condition And In Addition Feature Full Finished Basements. Oversized 40' x 100' Lot Also Offers Even More Income Potential And Two One Car Garages. Situated In Maspeth - Neighborhood Known For It's Suburban Atmosphere And Steadily Increasing Rent Prices.

Full Property Details

Full Property Details for 60-40 55th Dr

General

Price: $1,499,000
Taxes: $16,486
Status: Active
Type: Multi-Family
Source: Long_Island
MLS ID: 939110
Updated: 12/18/2025
Added to Site: 52 day(s) ago

Interior

Interior Features: First Floor Bedroom

Rooms

Bathrooms

Total Bathrooms: 6
Full Bathrooms: 6

Bedrooms

Total Bedrooms: 10

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Garage

Location

County: Queens

Heating & Cooling

Cooling Type: None
Heating Type: Hot Water

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Connected, Natural Gas Connected

Structural Information

Detached/Attached: Attached
Construction: Vinyl Siding
Basement: Yes
Basement Desc.: Finished, Full Basement
Building Size: 4150
Square Feet: 4,150
Year Built: 1924

Lot Features

Lot Size (Acres): 0.0953
Lot Size (Sq. Ft.): 4,150
Lot Dimensions: 41.5' x 100'

Financial Considerations

Tax Amount: $16,486

Disclosures and Reports

Special Conditions: None
Property ID: 02702-0121

Listed by Exit All Seasons Realty

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Schools

Schools serving 60-40 55th Dr

School District:New York City Geographic School District 24

Name	Grades	Distance
Ps 153 Maspeth 60-02 60th Ln, Queens, NY 11378	K-6	0.6 mi
Is 73 The Frank Sansivieri Intermediate School 70-02 54th Ave, Queens, NY 11378	6-8	0.6 mi
Grover Cleveland H.S. 21-27 Himrod St, Queens, NY 11385	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 60-40 55th Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/18/2025

Price Reduced

$1,499,000

-16.68%

MLS

11/25/2025

Listed

$1,799,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 60-40 55th Dr

Year

Property Taxes

Change

Tax Assessment

Change

2025

$16,486

8%

$131,886

-58%

2024

$15,267

8%

$317,700

181%

2023

$14,136

2%

$113,073

-58%

2022

$13,871

3%

$267,750

12%

2021

$13,441

6%

$239,400

-9%

2020

$12,654

8%

$262,800

4%

2019

$11,717

6%

$253,800

192%

2017

$11,063

2%

$86,979

3%

2016

$10,866

8%

$84,282

8%

2015

$10,054

14%

$78,039

8%

2014

$8,795

-2%

$72,259

8%

2013

$8,988

—

$66,907

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 60-40 55th Dr

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Listed by Exit All Seasons Realty

6040 55th Drive, Maspeth, NY 11378 (MLS# 939110) is a Multi-Family property with 4 units containing 10 bedrooms and 6 full bathrooms. 6040 55th Drive is currently listed for $1,499,000 and was received on November 25, 2025. Want to learn more about 6040 55th Drive? Do you have questions about finding other Multi-Family real estate for sale in Maspeth? You can browse all Maspeth real estate or contact a Coldwell Banker agent to request more information.

60-40 55th Dr Maspeth, NY 11378