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$1,800,000 Just Listed
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Property Description
Corner mixed-use property located in Maspeth, Queens, offering a combination of commercial and residential use. The property consists of one ground-floor commercial unit and two residential units on the second floor. The commercial space is currently vacant and includes gas service and a commercial hood, suitable for a variety of permitted uses. The second floor features two residential units: one railroad-style apartment currently rented at $1,650/month and one two-bedroom apartment currently rented at $2,200/month. Both units are on month-to-month leases. The property includes a full basement used for storage. In the rear, there is parking with capacity for multiple vehicles, including two individual garages currently generating approximately $600/month (informal arrangements). Recent updates include a roof replacement completed within the past year with warranty, and a boiler that was replaced less than one year ago. Property is located within an R4 zoning district on a corner lot. Conveniently situated near local shops, transportation, and neighborhood amenities. All information is deemed reliable but not guaranteed. Buyers are advised to perform their own due diligence.
Full Property Details
Full Property Details for 60-42 55th St
General
- Price: $1,800,000
- Taxes: $6,236
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 989328
- Updated: 4/22/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Other
Parking
- Parking Features: Garage
Location
- County: Queens
Heating & Cooling
- Cooling Type: Multi Units
- Heating Type: Natural Gas
Utilities
- Sewer: Other
- Water: Other
- Utility Description: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, See Remarks, Water Available, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Other
- Basement Desc.: None
- Building Size: 2800
- Square Feet: 2,800
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.058
- Lot Size (Sq. Ft.): 2,525
- Zoning: R4
Financial Considerations
- Tax Amount: $6,236.32
Disclosures and Reports
- Special Conditions: None
- Property ID: 02638-0007
Listed by Loyaltty Inc
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Schools
Schools serving 60-42 55th St
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
ACE Academy for Scholars at the Geraldine Ferraro Campus 55-20 Metropolitan Ave, Queens, NY 11385 | K-5 | 0.2 mi |
Is 93 Ridgewood 66-56 Forest Ave, Queens, NY 11385 | 6-8 | 0.8 mi |
Grover Cleveland H.S. 21-27 Himrod St, Queens, NY 11385 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 60-42 55th St
Date
Details
Price
Change
Source
4/22/2026
Listed
$1,800,000
—
MLS
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 60-42 55th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,390
—
$31,816
-44%
2024
$6,390
1%
$57,060
81%
2023
$6,333
5%
$31,530
-47%
2022
$6,046
2%
$59,040
10%
2021
$5,911
5%
$53,580
-6%
2020
$5,612
—
$57,060
11%
2019
$5,612
2%
$51,240
95%
2018
$5,496
9%
$26,275
6%
2017
$5,057
8%
$24,808
6%
2016
$4,679
8%
$23,407
6%
2015
$4,320
3%
$22,094
—
2014
$4,202
12%
$22,094
1%
2013
$3,764
—
$21,896
—
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 60-42 55th St
6042 55th Street, Maspeth, NY 11378 (MLS# 989328) is a Commercial property. 6042 55th Street is currently listed for $1,800,000 and was received on April 22, 2026. Want to learn more about 6042 55th Street? Do you have questions about finding other Commercial real estate for sale in Maspeth? You can browse all Maspeth real estate or contact a Coldwell Banker agent to request more information.

