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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY821113
Rental Info No
Year Built 1920
Annual Tax Amount $7,192
Property Sub-Type Mixed Use
Source onekey2
Property Description
Great Opportunity for an investor .. Corner property in a hight desirable Opportunity Zone in the heart of a major redevelopment area.
2 Large, Whole -floor residential units are without a lease and have potential for 100%+ rent increase. Building is violation-free and all up to code.
Roof and skylight/hutch/coping all done in 2023. All utilities (gas heat) less than 8 years old. 2 market-rate residential units have no lease/can be delivered vacant (currently paying 50% below market). As-is can rent for $3,000, fully renovated can rent for $3,500 each.
Store has lease in place until 2033 with rent at $3300 in 2025 and incremental increases until 2033.
2 Large, Whole -floor residential units are without a lease and have potential for 100%+ rent increase. Building is violation-free and all up to code.
Roof and skylight/hutch/coping all done in 2023. All utilities (gas heat) less than 8 years old. 2 market-rate residential units have no lease/can be delivered vacant (currently paying 50% below market). As-is can rent for $3,000, fully renovated can rent for $3,500 each.
Store has lease in place until 2033 with rent at $3300 in 2025 and incremental increases until 2033.
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Americana Realty Group LLC
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