Listed by RE/MAX Team
$2,225,000
Queens Blvd Prime Taxpayer
Details
APN 03080-0020
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,000
Net Rentable (SqFt) 2,000
Units 1
Cap Rate 6.4%
NOI $142,500
Tenancy Single
Rent Bumps Yes
Broker Co-Op Yes
Class B
Year Built 1933
Year Renovated 2003
Buildings 1
Stories 2
Acreage 0.046
Zoning C4-2
Investment Type Owner/User
Tenant Credit No Credit Rating
Occupancy Date 10/01/2025
Ownership LLC
Prime Queens Blvd taxpayer: 95-30 Queens Blvd, Rego Park, NY, 11374
Marketing description
2,000 SF renovated Prime Queens Boulevard 1 Story Medical office building with an 800 SF mezzanine and 800 Sq.Ft basement. Building has an additional 4,800 Sq.Ft of air rights, which can be added without knocking down the existing building. We're situated on the busiest street in Queens. Over 22 million annual vehicle traffic in front of our property. We're a 1/2 a block to the 63rd drive subway station. Gross Income: $180,000 Net Income: 142,500. Building can be delivered vacant for users. We're ideal for medical, and any retail or office, which depends on tremendous visibility. We're only 2 blocks to Long Island Expressway and Queens Center. Buildings in this area are very rarely put up for sale.
Investment highlights
2,000 SF plus Basement
4,800 SF of Air Rights
22 Million annual Vehicle Traffic
Over $85 per SF retail
Heavy Pedestrian Traffic
Near Subway
Near Major AAA Tenants
Near Queens Center
Near Long Island Expway
Ideal for users & Investors
Listing Contacts
Listed by RE/MAX Team
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,500.00
$11,875.00/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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