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    97-31/33 Waltham St Queens, NY 11435

    Sponsored
    For Sale
    $3,000,000

    Two lots, 24,000 sq ft buildable

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two contiguous lots totaling 4,800 square feet (48' x 100'), located at 97-31/33 Waltham Street in Jamaica, Queens, NY 11435. The property is zoned C4-5X, allowing for a diverse range of mixed-use development options. With a combined buildable area of 24,000 square feet, this site offers significant potential for a substantial project. The asking price is $3,000,000, translating to approximately $125 per buildable square foot. Built in 1920, the existing structures are currently configured as a four-unit multifamily property. The property's location in Queens offers easy access to major transportation routes and a vibrant community. Prospective buyers are encouraged to conduct thorough due diligence, including a review of the C4-5X zoning regulations, to fully understand the development potential and any associated limitations. This is a rare chance to acquire a large, mixed-use parcel in a prime Queens location. The property's size and zoning make it ideal for a variety of commercial and residential projects, offering a strong return on investment for the right developer. Serious inquiries only.

    Property Features for 97-31/33 Waltham St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1920
    Units
    4

    HighLights

    • Two contiguous lots offered as a single unit.
    • C4‑5x mixed‑use zoning allows for diverse commercial and residential development.
    • Buyer to conduct due diligence on zoning restrictions and permitted uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -73.806076033362
    Latitude
    40.696139320464

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    FAQs

    What type of property is this?
    Multifamily property - Two lots, 24,000 sq ft buildable
    Where is this multifamily property located?
    The property is located at 97-31/33 Waltham St Queens, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Two contiguous lots offered as a single unit.; C4-5x mixed-use zoning allows for diverse commercial and residential development.; Buyer to conduct due diligence on zoning restrictions and permitted uses.
    Request Owner's contact information
    97-31/33 Waltham St Queens, NY 11435
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    Queens, NY 11435
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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
    97-31/33 Waltham St Queens, NY 11435
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