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23322853
23324761

118-82 Metropolitan Ave, Kew Gardens, NY 11415

Hanmi Realty
Listed by Hanmi Realty
$975,000
449 days on market
Updated 3 days ago

Medical Office Retail Residential Mixed Use Condo #1B

Details
Property Type Mixed Use, Office (+1)
Sub Type Medical Office, Storefront (+1)
Square Footage 1,500
Net Rentable (SqFt) 1,500
Units 1
Beds 3
Pro-Forma Cap Rate 4.00%
Pro-Forma NOI $39,000
Broker Co-Op Yes
Year Built 2002
Buildings 1
Stories 2
Parking Spaces 1 spaces
Parking Per SqFt 0.67

Kew Gardens Medical Office Retail Mixed Use Residential Condo 1,500 square feet

Marketing description

Built in 2002, this well maintained, spacious, vacant, versatile, brick condo duplex #1B of around 1,500 square feet can be used for retail, medical, office and residential! Forest Park Condominium is located at the Kew Gardens commerical center. A quiet residential neighborhood in Queens known for its tree-lined streets and historic homes. It offers a suburban feel with front door access to the Q10 (40 minutes to JFK Airport), QM18 (express to Manhattan) and Q54 buses (30 mins to JFK connect with Jamaica Airtrain)!

Live in super keeps the building immaculate and safe. Polished wood paneled lobby with compactors on every floor. Good Lefferts blvd intersection and sign visibility with a private street entrance and a wheelchair ramp. Great foot and 15k+ daily car traffic! Parking garage with one space, pet friendly, laundry room and video security intercom to lobby. New carpeting, fresh paint and bathroom renovation. Reception area or showroom, four other rooms, two and a half bathrooms and a kitchen.

Yearly real estate taxes of $13,825. Monthly common charges of $1,434.55 includes heat, water, cooking gas, grounds keeping of common areas, trash, snow and ice removal. Was leased by a medical office for many years with yearly rental income of $72k and yearly net income of around $39k @ 4% cap. Also available for lease at $6k monthly with all expenses included except electric.

Commuter, walker and food lover paradise next to ethnic restaurants, Ateaz organic coffee, Cookies and Cream pastry shop, Mikado, Hangar 11 burgers & bar, Alba's deli, Juice stop cafe, Tiki Tiki, Paul Michael's, Nabhya, Village diner, Jade, La Sala Tu Casa, C Italian Kew, Roast & Co, Baker's dozen, family owned groceries and pharmacies, shops, salons, spas, banks, UPS access points, Dunkin Donuts, 7-11, LIRR Kew Gardens (Penn station Manhattan 18 minutes!), cinemas, Urban Wellness urgent care, CVS, animal hospital, post office, 538 acre Forest Park, barbeques, bridle paths for walking, biking, horseback riding, playgrounds, carousel, soccer, basketball, football, baseball, softball, tennis, bocce, handball, running track, roller skating, model airplanes and a challenging par 67 golf course.

Dog friendly areas, wifi spots and the George Seuffert Sr. bandshell outdoor theather hosts free concerts throughout the warm season. Close to world renowned Michelin approved Caleta 111 Cevicheria, Rolo's, il Gigante restaurants, Q24, Q37, Q55, Q56 buses, E, F, J, Z subways, hospitals, police, fire stations and major junction of Queens Blvd, Van Wyck expressway, Grand Central & Jackie Robinson parkways. Around 15 minutes non rush hour drive to JFK and LaGuardia airports!

For questions and appointments, contact Diane Mi Chong at 718-640-4431, [email protected]. Real estate agent at Hanmi Realty.

Listing Contacts

Hanmi Realty
Listed by Hanmi Realty

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Additional Information

Name
Diane Mi Ryoung Chong
License
10401220770
Brokerage
Hanmi Realty
Brokerage Phone
718-961-8801
Title
Realtor
Brokerage Address
37-17 Union Street
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