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    568 Grandview Ave Flushing, NY 11385

    For Sale
    $2,400,000

    Turnkey, income-producing mixed-use building in a desirable Queens neighborhood.

    Lot size:
    0.04 Acres

    Property Features for 568 Grandview Ave

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1917

    Source: eXp Realty Agent Benjamin Turk

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

    Overview

    Mixed-Use Building in Prime Location

    This is a turnkey, income-producing mixed-use brick building located in a desirable and rapidly appreciating neighborhood in Queens. The property benefits from its corner lot location, providing excellent exposure and street visibility on a bustling intersection. The zoning is R6B, which allows for potential future development or expansion, subject to architectural consultation. The building features three fully leased residential units with stable tenants and a strong rent roll. Additionally, there is a ground-floor retail unit with high visibility, ideal for continued commercial use. A rare amenity for the area, the property includes four private garages, suitable for owner use or additional rental income. This investment offers immediate cash flow and long-term upside in a high-demand rental market, making it suitable for 1031 exchange buyers, investors, or owner-users seeking mixed-use flexibility.
    Location Intelligence

    Current Use by Public Records

    Celene's Thrift Shop Thrift Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.906019
    Latitude
    40.708429

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey, income-producing mixed-use building in a desirable Queens neighborhood.
    Where is this mixed-use property located?
    The property is located at 568 Grandview Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Turnkey, income-producing mixed-use brick building.; - Located in a desirable and rapidly appreciating neighborhood in Queens.; - Fully leased with stable tenants and strong rent roll from 3 residential units.
    (347) 242-0464
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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
    568 Grandview Ave Flushing, NY 11385
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