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    131-16 101 Ave Queens, NY 11419

    Sponsored
    For Sale
    $1,890,000

    Vacant warehouse, residential potential

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant, 2,500 sq ft warehouse in Queens, NY (131-16 101st Ave, 11419) presents a unique redevelopment opportunity. Currently zoned R6B and C2-3, it offers the potential to build 6,400 sq ft of residential zoning floor area, totaling 9,000 sq ft of gross building area. The single-story building sits on a 3,200 sq ft lot (32.04 x 100 ft), with existing dimensions of 32 x 79 ft. The asking price is $1,890,000 ($840/sq ft), and the property is vacant with an occupancy date of April 1, 2024. Annual property taxes are $13,765. This presents a compelling investment for developers seeking to capitalize on the high demand for residential units in this desirable Queens location. The property's size and zoning provide a substantial canvas for creative residential development. This is a rare opportunity to acquire a property with significant upside potential in a thriving market. Serious inquiries only.

    Property Features for 131-16 101 Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    2,500 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Vacant single‑story warehouse ideal for residential redevelopment.
    • 6,400 sq ft of residential zoning floor area allowed, with a potential 9,000 sq ft gross building area.
    • Sought‑after location.
    • R6B, C2‑3 zoning; 32.04 x 100 ft lot; 32 x 79 ft existing building; $13,765 annual taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.815582070539
    Latitude
    40.69290140898

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    FAQs

    What type of property is this?
    Distribution property - Vacant warehouse, residential potential
    Where is this distribution property located?
    The property is located at 131-16 101 Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $1,890,000.
    What are key features of this property?
    This property features: Vacant single-story warehouse ideal for residential redevelopment.; 6,400 sq ft of residential zoning floor area allowed, with a potential 9,000 sq ft gross building area.; Sought-after location.
    Request Owner's contact information
    131-16 101 Ave Queens, NY 11419
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    Queens, NY 11419
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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
    131-16 101 Ave Queens, NY 11419
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