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    145-80 224Th St Springfield gardens, NY 11413

    Sponsored
    For Sale
    $979,999

    Spacious 2-Family Home, Great Income!

    Property size:
    2,842 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 145-80 224 St in Springfield Gardens, NY 11413, presents a lucrative investment opportunity. The building boasts a substantial 2,842 square feet situated on a 0.28-acre lot. Currently configured as a two-family home, it offers a comfortable and spacious layout. Each unit features three bedrooms, enhancing its rental potential. Hardwood floors run throughout the entire building, adding to its classic charm and appeal. The presence of three kitchens, one in each unit and one potentially shared, further enhances the property's functionality and income-generating capabilities. The property's location in Springfield Gardens offers convenient access to local amenities, transportation, and key thoroughfares. The asking price for this remarkable mixed-use property is $979,999. This represents a significant opportunity for investors seeking a strong return on investment in a desirable Queens neighborhood. The property's size, layout, and features make it an ideal candidate for both residential and potential commercial uses, subject to local zoning regulations. Serious inquiries are encouraged to explore the full potential of this promising investment.

    Property Features for 145-80 224Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,842 SF
    Lot Size
    12,197 SF

    HighLights

    • $979,999 asking price.
    • Mixed‑use property.
    • 2,842 square feet.
    • 0.28‑acre lot.
    • Located at 145‑80 224 St, Springfield Gardens, NY 11413.
    • Features two 3‑bedroom units, each with its own kitchen.
    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
    Springfield gardens
    County
    36081
    State
    New York
    Longitude
    -73.7564467
    Latitude
    40.6611851

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious 2-Family Home, Great Income!
    Where is this mixed-use property located?
    The property is located at 145-80 224Th St Springfield gardens, NY.
    What is the asking price?
    The asking price for this property is $979,999.
    What are key features of this property?
    This property features: $979,999 asking price.; Mixed-use property.; 2,842 square feet.
    Request Owner's contact information
    145-80 224Th St Springfield gardens, NY 11413
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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
    145-80 224Th St Springfield gardens, NY 11413
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