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    87-16 Liberty Ave Queens, NY 11417

    Sponsored
    For Sale
    $1,049,999

    Prime location, dual income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 87-16 Liberty Ave in Ozone Park, Queens, NY 11417, presents a unique investment opportunity. Listed at $1,049,999, this two-story building (B9 classification) offers a blend of commercial and residential space, maximizing revenue streams. The ground floor features a commercial space ideal for retail or office use, while the second floor provides a residential dwelling. This strategic location on bustling Liberty Avenue, within six blocks of Cross Bay and Rockaway Boulevard, ensures high visibility and accessibility. The property benefits from excellent public transportation access, with proximity to the Q112, Q41, and Q8 buses, as well as the "A" train line. Nearby amenities include restaurants, grocery stores, and parks, enhancing its appeal to potential tenants. Owner financing is available with a substantial down payment, offering flexibility for investors. This property's mixed-use zoning allows for diverse business ventures on the ground floor, complemented by consistent rental income from the upper residential unit. Its strategic location and dual-income potential make it an attractive investment for those seeking diversification and strong returns. Proximity to JFK Airport further adds to its desirability. This is more than just real estate; it's an investment in a vibrant community with significant potential.

    Property Features for 87-16 Liberty Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Stories
    2

    HighLights

    • $1,049,999 asking price.
    • Mixed‑use property in Ozone Park, Queens, NY, offering both commercial and residential space.
    • Located on Liberty Avenue, near major transportation (Q112, Q41, Q8 buses and the A train), amenities, and JFK Airport.
    • First floor commercial space, second floor residential unit.
    • Owner financing available with significant down payment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    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
    -73.850825988053
    Latitude
    40.679898675753

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, dual income potential.
    Where is this multifamily property located?
    The property is located at 87-16 Liberty Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $1,049,999.
    What are key features of this property?
    This property features: $1,049,999 asking price.; Mixed-use property in Ozone Park, Queens, NY, offering both commercial and residential space.; Located on Liberty Avenue, near major transportation (Q112, Q41, Q8 buses and the A train), amenities, and JFK Airport.
    Request Owner's contact information
    87-16 Liberty Ave Queens, NY 11417
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    Queens, NY 11417
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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
    87-16 Liberty Ave Queens, NY 11417
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