RealtyLens
for saleRealtyLens property overview
$699,000

5940 Flushing Ave

Maspeth, NY, 11378
View more Maspeth, NY property pages
4Beds
1Baths
1,408Sqft
$496$/sqft

Listing Notes

Excellent Renovation Opportunity in Maspeth, Queens on the border of Ridgewood! First Floor features Foyer, Extra Large Living and Formal Dining Rooms with Gorgeous Wood Floors, plus Pantry, Breakfast Nook, and Kitchen, with Access to Backyard Patio. Sunny Second Floor features Four Bedrooms with Closets, Two Skylights, and Full Bath. More Storage Space in Full Basement, with Laundry Area, Utilities, and Access to Both Front and Back of House. Detached 2-Car Garage. Easy access to the B57, Q59, Q39, Q58, and Q98 buses, plus shopping and dining on Flushing, Grand and Metropolitan Avenues!

Market Insights

Below nearby median-15%

$496/sqft vs a nearby median of $586/sqft.

Nearby median$586/sqft
Nearby properties12
Property size1,408 sqft
  • -15% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,408 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$771k$702k$840k · 50% confidence
vs ask $699k−$72k (−10.3%)

Asking price is about 10.3% below the fair value — likely to draw competing offers if it's still on market.

$586/sqft median across 6 tight comps × 1,408 sqft= $825k
  • Visible condition issues−$37k −4.5%
  • Transit access−$25k −3.0%
  • Pre-war character+$21k +2.5%
  • Sparse street life−$12k −1.5%
Cumulative NYC adjustments−$54k−6.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-15% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
49 days
Last price change
No change recorded
Listed
Mar 23, 2026
Photos
21 photos
Property type
single family
Status
for sale
Garage
2 spaces

Features & Amenities

Outdoor SpaceDining RoomHardwood FloorsLaundry RoomWasher DryerBasementTwo Or More StoriesGarage 1 Or MoreGarage 2 Or MorePatioShopping

Photos

Price History

May 4, 2026Initial record
$699,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.