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Listing Courtesy of Crifasi Realty Associates Inc
$ 2,075,000
Est. payment | /mo
3 Beds
4 Baths
$ 2,075,000
Est. payment | /mo
3 Beds
4 Baths
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Middle Village
MLS Listing ID RLS20023049
Bedrooms 3
Full Baths 4
HOA Y/N Yes
Year Built 1900
Property Sub-Type Mixed Use
Property Description
Investor opportunity in the heart of Middle Village! This fully renovated, mixed-use brick property at 69-23 62nd Drive offers strong cash flow and long-term upside with minimal maintenance. The building features two residential units and two professional office spaces, all separately metered and in excellent condition. One of the residential units is currently vacant and ready for occupancy, while the second-floor 2-bedroom, 2-bathroom duplex is leased through late 2025. The rear commercial spaces are fully occupied by long-term professional tenants with leases extending through 2027 and 2028. The combined gross rental income is approximately $11,500 per month, offering a solid return on investment. The commercial space totals roughly 2,300 square feet and features 13 ceilings on the ground level, two ADA bathrooms, 9 ceilings on the lower level, skylights, and central heating and coolingideal for medical, office, or studio use. Operating expenses are minimal, with water and sewer charges around $1,600/year, property insurance approximately $5,000/year, and property taxes at $22,975/year. The private parking area is currently used by commercial tenants. This is a new construction building, so no lead paint testing is required. Located near Juniper Valley Park, 69th Street, the M train, LIE, and both LaGuardia and JFK airports, this is an excellent turn-key investment in a prime Middle Village location.
Location
State NY
County Queens
Interior
Heating None
Furnishings Unfurnished
Fireplace No
Laundry Building None, None
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Mixed Use
Story 3
New Construction No
Others
Ownership None
Pets Allowed Building Yes, Yes
RLS Data display by WJFNY