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    70-09 45Th Ave Queens, NY 11377

    For Sale
    $529,900

    Spacious 2,844 sq ft commercial condo, owner financing available.

    Property size:
    2,844 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,844 square foot commercial condominium unit presents a remarkable investment opportunity in the vibrant Queens, New York market. Located at 70-09 45th Avenue 1C, this lower-level space within a brand-new building offers unparalleled versatility, ideal for a diverse range of businesses. The unit boasts two half-bathrooms and convenient kitchenette hookups, enhancing its functionality and appeal. Annual property taxes are $4,697.88, and the monthly maintenance fee is $1,279.49. Owner financing is available at a 6% interest rate (subject to change), making this property even more accessible. The expansive 10,846 square foot lot provides ample space, and additional parking is available for separate purchase. This prime location in Queens offers exceptional convenience, with easy access to various transportation options, parks, schools, banks, and supermarkets. This is a truly exceptional opportunity to establish or expand your business in a thriving and well-connected community. The ceiling height is noted as "Other" in the property records.

    Property Features for 70-09 45Th Ave

    General Information

    Property type
    Retail properties
    Square Feet
    2,844 SF

    Building Details

    Units
    1

    HighLights

    • $529,900 Asking Price
    • 2,844 SF Office/Retail Condo
    • 1 Unit on 10,846 SF Lot
    • Owner financing available at 6% (subject to change)
    • 2 half baths and kitchenette hookups.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bob daycare center Day Care Center

    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
    -73.8945231
    Latitude
    40.7403787

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    FAQs

    What type of property is this?
    Retail property - Spacious 2,844 sq ft commercial condo, owner financing available.
    Where is this retail property located?
    The property is located at 70-09 45Th Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $529,900.
    What are key features of this property?
    This property features: $529,900 Asking Price; 2,844 SF Office/Retail Condo; 1 Unit on 10,846 SF Lot
    Request Owner's contact information
    70-09 45Th Ave Queens, NY 11377
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    Queens, NY 11377
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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
    70-09 45Th Ave Queens, NY 11377
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