Listing Courtesy of SOLDANO REALTY
$1,700,000
Potential Rebate: $25,500
<p> </p> <p>Rare opportunity! Double Corner Lot in Maspeth Queens (zoned R5B/C2-3) with a lot totaling 50 ft x 107 ft (5,350 sqft total). The package consists of a 3-family brick home with a size of approximately 3,400 sqft plus back yard for parking and adjoined by a vacant lot. There is frontage on 59th Street and 59th avenue. Each lot measures 25 ft x 107 ft.</p> <p>With R5B Zoning, appx 8,000 sqft can be built. C2-3 zoning is a commercial overlay allowing for a wide variety of commercial use groups. Under the recent City of Yes zoning updates, the combined lots may qualify as a QRS (Qualifying Residential Site) due to its corner position on the short end of the block, allowing an enhanced 2.0 FAR and approx. 10,700-10,750 buildable sq ft if the house is taken down and a new building built. Excellent opportunity for a boutique mixed-use building with ground-floor commercial and multiple residential units above.</p> <p>The 3 family home measures appx. 25 ft x 55 ft across two floors and the third floor 25 ft x 24 ft. Newly renovated second floor apartment.</p> <p>This valuable property is the perfect opportunity for residential or mixed use development.</p> <p>Information regarding development potential is provided for general guidance only. All building possibilities, zoning details, and permitted uses should be independently verified by the buyer with the appropriate city agencies and professionals. Neither the seller nor the listing broker guarantees or warrants any specific development outcome or approval.</p> <p> </p>
$9,098 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$25,500
Monthly savings impact
$71/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of SOLDANO REALTY
Data Source: TRESTLE #RLS20058635

Compare average listing prices and value metrics for 59-69 59TH Street against the surrounding Maspeth market.
than the Maspeth price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Maspeth is an industrial-residential hybrid. It feels like a small town that time forgot. For buyers seeking Maspeth Queens real estate, it offers stability and space, but relies heavily on cars.
Living in Maspeth is quiet. Grand Avenue is the main street. As a Queens NYC neighborhood, it is fiercely local.
The market for homes for sale in Maspeth consists of two-family homes and row houses.
It is popular with investors due to the rental market.
The lifestyle in Maspeth is domestic. Residents tend to stay for generations.
Maspeth has no subway. It is served by buses and is close to the LIE for drivers.
Frank Principe Park (formerly Maurice Park) is the main recreational area.
Amenities: Famous for unparalleled Polish delis and diners.
Maspeth is best for car owners and those seeking a quiet, old-school neighborhood vibe.

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