84-37 118th Street, Kew Gardens, NY 11415

Prime Mixed-Use Investment Opportunity in Kew Gardens, Queens

Property Overview:
Presenting a well-maintained, 30,000 SF mixed-use property located in the heart of Kew Gardens, one of Queens' most sought-after neighborhoods. This exceptional building offers a dynamic combination of residential and commercial space, providing a unique investment opportunity with significant upside potential.

Residential Units:

• 27 total residential units

• 20 free-market units (approximately 20% below market rates, providing substantial room for rent increases)

• 7 rent-stabilized units, with 3 units currently under preferential rents, and legal registered rents considerably above the current rent, offering an opportunity to capture higher rental income upon turnover.

• Pre-war unit layouts with generous dimensions and a charming period feel.

Commercial Space:

• 2,000 SF retail/office space, previously occupied by a daycare facility, offering versatility for a variety of potential uses such as retail, office, or medical space.

Location & Amenities:

• Situated just steps from public transportation, ensuring easy access to major hubs throughout Queens and Manhattan.

• Located in a vibrant and growing neighborhood with a mix of residential, retail, and commercial amenities.

Investment Potential:
This well-maintained property presents a rare opportunity to acquire a mixed-use building in a high-demand location with significant value-add potential through rental increases, both for the free-market units and the rent-stabilized units upon vacancy.

Contact Information:
For more information or to schedule a private tour, please contact us today. Don't miss out on this prime investment opportunity!