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69-23 62nd Drive

Middle Village, NY 11379
  • $1,900,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 3530087
$1,900,000
  • 3
    BEDS
  • 0.05
    ACRES
  • 4
    BATHS
  • 3
    1/2 BATHS
  • 3,863
    SQFT
  • $492
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Information

School District:

Description

Attention investors! Here's a rare opportunity to own a meticulously renovated mixed-use building in Middle Village, Queens, NY with upside on rents. Current rents are below market. This property generates an annual income of $120,000 with room to grow. The expenses totaling approximately $25,000 per year, resulting in an approximate net income of $95,000 annually. Fully occupied. This mixed-use property features two professional office spaces at the rear, enhancing its income potential. With modern amenities and tasteful design throughout, it offers a live-work opportunity. The two residential apartments are duplexes. One is first floor with basement and the other is a 2nd and 3rd floor duplex. Both have private entrances. The 2,300 square feet of office space/warehouse is versatile and suitable for various purposes, including professional offices or medical facilities. The lower level, equipped with two ADA bathrooms and abundant natural light from multiple skylights, provides an ideal setting for businesses. Conveniently located near 69th St, Juniper Park, and key transportation hubs such as the M-train, Long Island Expressway, and Midtown Tunnel, this property offers easy access to all of NYC's attractions. Middle Village's accessibility, equidistant from both LaGuardia Airport and JFK Airport, makes it appealing to frequent travelers. Don't miss out on this fantastic investment opportunity in one of Queens' most desirable neighborhoods. Lots of potential with this incredible and unique property! Being sold fully occupied.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ellis Sotheby International Real Estate. Data last updated: 2024-02-22T00:18:41.72.
www.hudsonvalleyrealestate.info/homes/147343292
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69-23 62nd Drive Middle Village, NY 11379

  • Price: $1,900,000
  • Status: Active
  • On Site: 15 Days
  • MLS #: 3530087
3
Beds
4
Baths
3
½ Baths
0.05
Acres
3,863
SQFT
$492
$/SQFT
1930
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Middle School:
Ps 128 Lorraine Tuzzo-Juniper Valley
High School:
Grover Cleveland High School
School District:
Queens 24
Property Description
Attention investors! Here's a rare opportunity to own a meticulously renovated mixed-use building in Middle Village, Queens, NY with upside on rents. Current rents are below market. This property generates an annual income of $120,000 with room to grow. The expenses totaling approximately $25,000 per year, resulting in an approximate net income of $95,000 annually. Fully occupied. This mixed-use property features two professional office spaces at the rear, enhancing its income potential. With modern amenities and tasteful design throughout, it offers a live-work opportunity. The two residential apartments are duplexes. One is first floor with basement and the other is a 2nd and 3rd floor duplex. Both have private entrances. The 2,300 square feet of office space/warehouse is versatile and suitable for various purposes, including professional offices or medical facilities. The lower level, equipped with two ADA bathrooms and abundant natural light from multiple skylights, provides an ideal setting for businesses. Conveniently located near 69th St, Juniper Park, and key transportation hubs such as the M-train, Long Island Expressway, and Midtown Tunnel, this property offers easy access to all of NYC's attractions. Middle Village's accessibility, equidistant from both LaGuardia Airport and JFK Airport, makes it appealing to frequent travelers. Don't miss out on this fantastic investment opportunity in one of Queens' most desirable neighborhoods. Lots of potential with this incredible and unique property! Being sold fully occupied.
Exterior Features

Architectural Style Other Attached Garage YN No Construction Materials Brick Cross Street 69th Pl Exterior Features Private Entrance Levels Three Or More Lot Features Near Public Transit Parking Features PrivateAssignedDrivewayNo Garage Parking Total 2 Property Attached YN Yes

Interior Features

Basement Details FinishedFull Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplaces Total 0 Heating ElectricNatural GasBaseboardHot Water Hot Water Gas Stand Alone Interior Features Master Downstairs Number Of Heating Zones 4 Number Of Kitchens 2 Rooms Total 10 Separate Hotwater Heater Detail 4

Property Features

Accessibility Features ADA Inside Building Size 20 x 83 Community Features ParkNear Public Transportation Garbage Removal Public Inclusions A/C Units Lease Considered YN No MLSArea Minor 10 New Construction YN No Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 3 Property Sub Type Multi Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 21203 Tax Annual Amount1 21203 Tenant Pays All Utilities Water Source Public

Listing courtesy of Sal Crifasi of Crifasi Real Estate Inc: 718-782-4411
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ellis Sotheby International Real Estate. Data last updated: 2024-02-22T00:18:41.72.
 
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Ellis Sotheby International Real Estate
76 North Broadway
Nyack NY, 10960