5408 Flushing Ave, Maspeth, NY 11378
Property image
Property image
OFF MARKET

$1,069,400

Trulia Estimate
  • Studio

5408 Flushing Ave, Maspeth, NY 11378

Maspeth
Est. Refi. Payment $6,350/mo*
Refinance Your Home

Home Value

Trulia Estimate
$1.07M
Since last month
Increased$35K (+3.4%)
Since last year
Decreased$77K (-6.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by 0% in the last 10 years
MonthEstimated value
2026
August 2026$1.07M
August 2026$1.06M
July 2026$1.03M
June 2026$1.69M
May 2026$1.71M
April 2026$1.7M
March 2026$1.69M
February 2026$1.69M
January 2026$1.71M
2025
2024
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
60-17 54th Street, Maspeth, NY
0.06
Multi-Family Home
$1,325,000
12/19/25
8
4
-
60-41 55th Street, Flushing, NY
0.13
Multi-Family Home
$1,161,000
11/25/25
7
3
2,750
6074 54th Place, Maspeth, NY
0.15
Multi-Family Home
$790,000
08/26/26
5
2
1,550
6077 55th Street, Maspeth, NY
0.16
Multi-Family Home
$1,080,000
03/19/26
8
3
2,500
6089 54th Street, Maspeth, NY
0.17
Multi-Family Home
$650,000
10/17/25
7
5
2,434
60-30 53rd Street, Maspeth, NY
0.09
Multi-Family Home
$1,400,000
12/04/25
5
4
1,936
2128 Rene Court, Ridgewood, NY
0.21
Multi-Family Home
$1,030,000
12/16/25
1
2,886
5917 59th Drive, Maspeth, NY
0.33
Multi-Family Home
$1,160,000
03/26/26
6
4
3,602

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5410 Flushing Ave, Maspeth, NY 11378
0.00
$954,400
Studio
1
350
Off Market
60-18 54th Place, Maspeth, NY 11378
0.05
$1,228,400
8
4
-
Off Market
60-17 54th Place, Maspeth, NY 11378
0.05
$1,411,800
8
3
-
Off Market
60-17 54th Street, Maspeth, NY 11378
0.06
$1,325,000
8
4
-
Recently Sold
6023 54th Place, Maspeth, NY 11378
0.08
$1,492,600
8
4
3,400
Off Market
5414 Nurge Avenue, Flushing, NY 11378
0.09
$879,900
4
2
1,680
Off Market
54-20 Nurge Ave #1, Maspeth, NY 11378
0.09
$650,000
6
3
2,000
Recently Sold
54-14 Nurge Ave #2, Maspeth, NY 11378
0.09
$878,900
4
2
1,680
Off Market
5431 Nurge Avenue, Maspeth, NY 11378
0.09
$1,058,000
4
2
1,470
For Sale
5418 Nurge Ave, Maspeth, NY 11378
0.09
$799,000
5
2
1,840
For Sale
60-30 53rd Street, Maspeth, NY 11378
0.09
$1,400,000
5
4
1,936
Recently Sold

Local Information

  • Map ViewExplore the area around 5408 Flushing Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1915

About this House

**Mixed-Use Investment Opportunity Maspeth, Queens**Located at **54-08 Flushing Avenue, Maspeth, NY 11378**, this well-maintained mixed-use property presents a compelling investment opportunity in a highly desirable Queens neighborhood. Maspeth is strategically positioned approximately **five miles from Manhattan** and directly east of the sought-after **Williamsburg section of Brooklyn**, benefiting from strong demand and convenient access to surrounding markets.The property sits on **Flushing Avenue**, a busy and valuable commercial corridor featuring retail shopping, banks, popular restaurants, and excellent access to **public transportation**. The immediate area continues to see new development, further enhancing long-term value.Property Overview* **Building Type:** Three-story brick, walk-up mixed-use building* **Total Square Footage:** Approximately **5,835 SF*** **Occupancy:** **100% occupied*** **Residential Units:** **6 apartments** * Two (1) bedroom units approx. **680 SF** each * Four (3) bedroom units approx. **1,000 SF** each* **Commercial Units:** **2 retail stores** (currently a pizza restaurant and a bakery)* **Basement:** Fully open basement with **8-foot ceiling height**Lease & Income Profile* Commercial units are fully leased with **leases expiring soon**, offering near-term upside* Residential apartments are **month-to-month**, providing flexibility for repositioning* Property **can be delivered vacant**, if desired Building Condition* **New roof and new boiler*** **New plumbing and updated electrical systems*** **No known violations*** **Above-ground oil tanks** Financial Highlights* **Actual Gross Income:** $138,000* **Net Operating Income (NOI):** $115,150* **Cap Rate:** Approximately **6.4%**Investment Highlights* Prime mixed-use asset in a strong Queens location* Stable in-place income with upside through lease renewals or repositioning* Proximity to Manhattan and Williamsburg* Well-maintained building with recent capital improvements* Strong demand for both residential and retail space in the area---**Address:** 54-08 Flushing Avenue, Maspeth, NY 11378**Neighborhood:** Maspeth / Fresh Pond Section of Queens
5408 Flushing Ave, Maspeth, NY 11378 is a studio multi-family in Maspeth, built in 1915. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,069,400, with a rent estimate of $3,732/month.
Contact this Building
Property Website
Source: Douglas Elliman, MLS#936315

Home Details for 5408 Flushing Ave

Property Information

Year Built
Year Built: 1915
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Lot Information

Lot Area: 2613.6 sqft

Price and Tax history

DateEventPrice
Jan 29, 2026
Source: Douglas Elliman #936315
ListingRemoved
$1,800,000
Dec 13, 2025
Source: Douglas Elliman #936315
Listed For Sale
$1,800,000

Market trends in New York

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$794K
$26.67KMoM
Sale-to-List Price
98.0%
0.1%MoM
Price per sq ft
$679
$26MoM
Available listings
17724
933MoM

Around this home

Neighborhood Overview

Maspeth
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Maspeth

At least 692 Trulia users voted on each feature.

  • 90 % Say there are sidewalks

  • 86 % Say it's dog friendly

  • 83 % Say it's walkable to grocery stores

  • 78 % Say it's walkable to restaurants

  • 75 % Say streets are well-lit

  • 72 % Say people would walk alone at night

  • 66 % Say there's holiday spirit

  • 64 % Say yards are well-kept

  • 59 % Say car is needed

  • 59 % Say they plan to stay for at least 5 years

  • 54 % Say kids play outside

  • 52 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 46 % Say parking is easy

  • 40 % Say there's wildlife

  • 33 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • augusto
    "i live in this nieghborhood for2 years its quite and friendly people i also work in this area for 1and a years.."
    1
    Flag
  • Naisha
    "The crime I a major concern but the hope is that it will better with a new major. In addition, more opportunities for teens to make money and gaining work experience. "
    0
    Flag
  • Michael.garner1317
    "Nice area safe and central to mass transit. Suburban and city vibes at the same time are always welcome here "
    0
    Flag
  • Michael.garner1317
    "Safe area, good transportation, nice place to raise a family, there are plenty of parks here as well, and places to eat nearby"
    1
    Flag
  • Ketchupwang
    "Nice park, walking to doctor, pizzeria and schools for us. Lots of families. There are rentals but usually family occupied so still a nice sense of community:"
    0
    Flag
  • Trulia User
    "Schools are nearby, parks are clean and like in all neighborhoods be cautious of your children. Mostly a quiet neighborhood."
    0
    Flag
  • Trulia User
    "The dog owner will like living this neighborhood. There are few parks around which is good for both dog owner and dog. "
    0
    Flag
  • Trulia User
    "It’s safe and quiet area to live so I’m looking for apartments in this area. The shopping center is near."
    0
    Flag
  • Trulia User
    "I have lived in this neighborhood my whole life and love it. My family is here and everything is super convenient "
    5
    Flag
  • Trulia User
    "One of the very few area that have a small town feel, safe and clean and beautiful.one of the best park in NYC , good schools.Just overall family oriented and rare charming neighborhood."
    0
    Flag
  • Trulia User
    "Dog owners would like that there are many dog owners walking their pets constantly. Very friendly and so clean up after them. "
    0
    Flag
  • Trulia User
    "It’s all great,around 10 if you go to the park a whole bunch of dogs are in the field and all the dogs play with each-other "
    0
    Flag
  • Trulia User
    "Safe neighborhood to live in. I love that it is quiet and the neighbors are very friendly. I love it. "
    1
    Flag
  • Trulia User
    "it is a peaceful area, great for walks after a meal. there is a certain quietness in the neighborhood "
    5
    Flag
  • Trulia User
    "Good transportation options; several bus lines and close R train station as well as easy connection to 7 line. "
    0
    Flag
  • Trulia User
    "Very few parks or trees. Grocery desert. No cafes or restaurants. Queens blvd is ugly. Drive from maspeth too"
    0
    Flag
  • Trulia User
    "great and safe neighborhood. lots of parks. everyone is friendly. clean. schools are good. good food."
    0
    Flag
  • Trulia User
    "It’s nice and I feel safe and people are friendly and very home oriented and family oriented. Very nice "
    11
    Flag
  • Trulia User
    "quiet friendly safe and easy to find parking off street been living here for 7 yrs that's why looking for apartment bigger on same area "
    4
    Flag
  • Trulia User
    "good 👍 neighborhood. everything accessible. goog security, park, shopping store, restaurants etc"
    0
    Flag
  • Trulia User
    "Other than the buses running super slow and not on time, it’s okay. There are many bus options around and the train is close by. "
    0
    Flag
  • Trulia User
    "we have everything near us like schools. church, supermarket, restaurants, neighborhood stores, busses, and trains etc."
    0
    Flag
  • Trulia User
    "Traffic during peak times can leave you waiting 20 minutes to go one block, or when schools let out. Other times if there is no traffic it’s a pleasure. "
    0
    Flag
  • Trulia User
    "I love Maspeth! It offers a convenient location that is easily accessible to the city by car and/or public transportation. It’s pretty safe and you can walk to local shops, eateries and supermarkets. "
    0
    Flag
  • Trulia User
    "The public transport is very good and the people very friendly,public school are the best and always people in the nite time "
    0
    Flag
  • Trulia User
    "All the neighbors walk their dogs at night and it’s perfectly safe. Neighbors will often stop in Sparta conversation when they see you walking your dod. Especially the neighbors you have not yet met. "
    0
    Flag
  • Trulia User
    "I love maspeth and I like continúe live around here because all neighbors are good and is very quiet no dangerous and I fell good around here"
    1
    Flag
  • Trulia User
    "Maspeth has all the lovely characteristics of a small town in middle America that is only minutes from midtown"
    0
    Flag
  • Trulia User
    "very dog friendly. there is a dog park off of Maurice and the lie. watch for people who do not use a leash"
    0
    Flag
  • Trulia User
    "Nice and convenient, good neighborhood and its very close to the city!!!!!! Easy parking and streets are clean."
    1
    Flag
  • Trulia User
    "Maspeth is a lovely, safe and well maintained neighborhood. Area residents enjoy local shops, restaurants and ample public transportation. "
    0
    Flag
  • Trulia User
    "parades, block associations, people watch out for eachothers houses, everyone gets along g and its a pretty diverse neighrhood "
    0
    Flag
  • Trulia User
    "There’s a lot of parks there’s lots of space and is very close to the city. Lots of dog parks clean areas "
    0
    Flag
  • Trulia User
    "Depending on what part you live in be careful where you let your kids go some places are better then others and use discretion "
    0
    Flag
  • Raquel B.
    "Everyone is very friendly and i feel very welcomed. I love how many dogs there are and how close we are to public transportation. People help each other out here"
    8
    Flag
  • Advanancedcomm11356
    "Halloween, great restaurants, close to mass transit. I really like the location. Nice quiet neighborhood "
    2
    Flag
  • Stephanie R.
    "fourth of july, parades, garage sales. they also have schools events as well. there are many different cultures and families here who celebrate their heritage. "
    1
    Flag
  • Hernan C.
    "I've here for five years and is. even great. super quiet N calm location. is a great location near public transportation and easy access to the city,Brooklyn and other parts of queens."
    6
    Flag
  • Ada H.
    "Halloween is amazing in this neighborhood. The people go all out to give the Children nice treats. A parade is also done. "
    0
    Flag
  • Dirk0braga
    "public areas have monuments, and flags displayed. In summer they have Memorial Day parade activities."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5408 Flushing Ave

  • What is 5408 Flushing Ave estimated to be worth?
    Trulia's estimated value for 5408 Flushing Ave in Maspeth, NY is $1,069,400.
  • Is Maspeth a buyer's or seller's market?
    Maspeth is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Maspeth?
    The median sale price in Maspeth is $794K. That is up $26.67K from the prior month.
  • What do residents say about Maspeth?
    Residents describe Maspeth, NY as pedestrian-friendly, dog-friendly, and walkable to grocery stores. See recently sold homes in Maspeth, NY.

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