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    102-34 216Th St Queens Village, NY 11429

    Sponsored
    For Sale
    $685,000

    Spacious 4-bed, 3-bath home, convertible 2-family.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Queens Village property, located at 102-34 216th St, 11429, presents a unique investment opportunity. Currently configured as a single-family residence, this mixed-use building offers significant potential for conversion back to a two-family dwelling, maximizing rental income. The home boasts four bedrooms and three full bathrooms, providing ample living space. A finished walk-out basement offers additional square footage, readily adaptable for expansion or supplementary living quarters. The property also includes a private backyard, a convenient garage, and a driveway with space for three additional vehicles. Originally a two-family home, it was converted to a single-family residence forty years ago to accommodate the owner's family. This conversion was easily accomplished, suggesting a straightforward reversion to its original two-family configuration. The asking price for this versatile property is $685,000. Its prime location in Queens Village, New York, offers easy access to local amenities and transportation. The property's flexible layout and substantial features make it an attractive prospect for both owner-occupants and investors seeking a strong return on investment. The potential for increased rental income through conversion, coupled with the existing comfortable living space, makes this a truly compelling opportunity.

    Property Features for 102-34 216Th St

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $685,000 asking price.
    • Mixed‑use property in Queens Village, NY.
    • Four bedrooms and three full bathrooms.
    • Finished walk‑out basement.
    • Backyard, garage, and driveway parking for three additional vehicles.
    • Easily convertible back to a two‑family home.
    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 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 Village
    County
    36081
    State
    New York
    Longitude
    -73.7429248
    Latitude
    40.7124205

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious 4-bed, 3-bath home, convertible 2-family.
    Where is this mixed-use property located?
    The property is located at 102-34 216Th St Queens Village, NY.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: $685,000 asking price.; Mixed-use property in Queens Village, NY.; Four bedrooms and three full bathrooms.
    Request Owner's contact information
    102-34 216Th St Queens Village, NY 11429
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    Queens Village, NY 11429
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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
    102-34 216Th St Queens Village, NY 11429
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