For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,409,888
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 944916
Year Built 1901
Annual Tax Amount $7,435
Lot Size 2,500 Sqft
Property Sub-Type Mixed Use
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.
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling None
Exterior
Parking Features Detached, Garage
Utilities Available Electricity Available
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Winzone Realty Inc
Nearby Schools & Businesses
Get More Information