2,543 Sqft Lot
2,543 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1048951
Rental Info No
Year Built 1992
Annual Tax Amount $59,030
Lot Size 2,543 Sqft
Acres 0.0584
Property Sub-Type Multi Family
Source onekey2
Property Description
Current gross income of $142,020 supports a 4.7% cap rate at the asking price, with strong pro-forma upside to approximately 7.8% by bringing rents to market and capturing additional income from the lower level and on-site parking. Four parking spaces, including a two-car garage, are a rare and valuable amenity in this location.
Located in a C2 commercial overlay zone, the ground floor offers flexibility for professional, medical, or office use, enhancing the property's long-term appeal. The building shows no open violations, and a survey is available.
Set on a tree-lined street minutes from the 7 train, the 82nd Street and Roosevelt Avenue shopping corridor, restaurants, and parks, the location earns top walkability and transit ratings. Offered by a long-term absentee owner, this is a turnkey opportunity to acquire a well-located, income-producing asset with clear paths to increased revenue. Buyer to perform own due diligence regarding rents, unit configurations, and permitted uses.
Location
State NY
County Queens
Rooms
Basement Storage Space
Interior
Heating Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Parking Features Driveway, Garage, Garage Door Opener, On Street, Private
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 30
School District Queens 30
Others
Special Listing Condition None
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