- Two story walk-up mixed-use corner building consisting of two residential units & a retail unit on the ground floor.
- Each apartment is 2 bedrooms and 1 bathroom.
- The retail space has a back office with its own entrance.
- There is a 300 SF attached garage that was being used as a studio & can be converted into an additional apartment or retail unit.
- Price ~ $930,000
- Projected Cap Rate ~ 7.8%
111th Avenue Queens, NY 11420
$930,000.00
Details
- Two story walk-up mixed-use corner building consisting of two residential units & a retail unit on the ground floor.
- Each apartment is 2 bedrooms and 1 bathroom.
- The retail space has a back office with its own entrance.
- There is a 300 SF attached garage that was being used as a studio & can be converted into an additional apartment or retail unit.
- Price ~ $930,000
- Projected Cap Rate ~ 7.8%
Additional Information
| Asset Type | Mixed-Use |
|---|---|
| City | Queens |
| Neighborhood | South Ozone Park |
| Broker | Sadya Liberow |
| Price | $930,000 |
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Property is currently 100% leased
Strong retail corridor with heavy foot and car traffic on both sides of the streets
All tenants have 3% annual rental increases -
Strong retail corridor with heavy foot and car traffic. Tenants reimburse some expenses. Minimal management asset. There is no basement here. Below market rents and an upside driven asset
