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$1,389,888
Est. payment /mo
2,500 Sqft Lot
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 944916
Rental Info No
Year Built 1901
Annual Tax Amount $7,435
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Mixed Use
Source onekey2
Property Description
Prime corner retail property featuring a ground-floor store plus a fully renovated 3-bedroom, 1-bath residential apartment above. Each unit has its own separate heating system.
The residential apartment has been completely renovated, including a brand-new kitchen and bathroom, along with new electrical and plumbing throughout.
This is an excellent income-producing investment opportunity, ideal for a 1031 exchange, offering an attractive 6.5% cap rate. The retail tenant enjoys use of a three-car garage and is responsible for all real estate taxes, enhancing the property's cash flow.
Conveniently located just 0.5 miles from the 103rd Street–Roosevelt Avenue subway station.
1st Floor (Retail): 24.81 x 48.14
2nd Floor (Residential): 24.81 x 36.25
Additional unused FAR, offering future potential. A strong, turn-key investment.
The residential apartment has been completely renovated, including a brand-new kitchen and bathroom, along with new electrical and plumbing throughout.
This is an excellent income-producing investment opportunity, ideal for a 1031 exchange, offering an attractive 6.5% cap rate. The retail tenant enjoys use of a three-car garage and is responsible for all real estate taxes, enhancing the property's cash flow.
Conveniently located just 0.5 miles from the 103rd Street–Roosevelt Avenue subway station.
1st Floor (Retail): 24.81 x 48.14
2nd Floor (Residential): 24.81 x 36.25
Additional unused FAR, offering future potential. A strong, turn-key investment.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Range
Exterior
Parking Features Detached, Garage
Utilities Available Electricity Available
Total Parking Spaces 3
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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Listed by Rock Realty Inc • Jim Pappas
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716