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    121-01 121 Ave Queens, NY

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    For Sale
    $5,800,000

    Commercial property in Queens, New York, available for purchase.

    Property size:
    2,400 SF
    Lot size:
    0.47 Acres

    Property Features for 121-01 121 Ave

    General Information

    Size
    2,400 SF
    Lot size
    0.47 Acres

    Source: Sotheby's - Daniel Gale | Locust Valley Agent Lowell Ackerman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Queens Retail Property For Sale

    This commercial property, identified by MLS#894025, is available for purchase in Queens County, New York. The property offers 2,400 square feet of space. It is located within the New York City Department Of Education school district.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9485424
    Latitude
    40.744679

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    FAQs

    What type of property is this?
    Retail property - Commercial property in Queens, New York, available for purchase.
    Where is this retail property located?
    The property is located at 121-01 121 Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: - Commercial property available.; - Located in Queens County.; - Price: $5,800,000 USD.
    (631) 921-2918
    Request Owner's contact information
    121-01 121 Ave Queens, NY
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    Queens, NY
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121-01 121 Ave Queens, NY
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