$2,995,000
$2,995,000
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10,010 SqFt
SOLD DATE : 04/22/2024
Key Details
Sold Price $2,995,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,010 sqft
Price per Sqft $299
MLS Listing ID KEYL3453086
Sold Date 04/22/24
Originating Board onekey2
Rental Info No
Year Built 1972
Annual Tax Amount $74,823
Lot Dimensions 40x100
Property Description
This property consists of a four-story walk-up apartment building totaling 10,720 SF (approx.) Originally built as a 14 residential units with two commercial spaces in the lower level, it is currently being used as 10 residential units ( a mixture of Studios and 1 Bedrooms apartments all with terraces) and 4 commercial rentals ( The two original commercials spaces on lower level and the 4 apartments on first floor converted to 2 separate commercial rentals) The building is situated on a 40 x 100 lot with shared access to rear yard between neighboring building. Located between 37th and Roosevelt Avenues in the Jackson Heights neighborhood of Queens, NY. Six of the ten residential units are currently occupied and three of the four commercial spaces are rented with long term tenants. Roosevelt and 37 Avenues has a variety of small businesses and national chains close by. One block from Roosevelt Avenue subway (7, E, F, M, and R) and a couple blocks from the Historic District of Jackson Heights. This property presents an ideal long-term value-add investment or 1031 exchange opportunity.
Location
State NY
County Queens
Interior
Heating Electric
Fireplace No
Exterior
Private Pool No
Others
Special Listing Condition None
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Bought with Century 21 Milestone Realty
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Associate Broker | License ID: 10301222585
477 Madison Ave., Ste 636., York, NY, 10022, United States