Property profile

79-32 Metropolitan Ave Queens, NY 11379

OFF-MARKET
Retail properties & Spaces
9,100 SF
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 79-32 Metropolitan Avenue in Middle Village, Queens, presents a unique investment opportunity. The 9,100 square foot building is currently vacant and offers versatile space ideal for a variety of uses, including medical offices, restaurants, retail establishments, or general office space. The property boasts high visibility due to its prime Metropolitan Avenue location. The building comprises two structures, featuring a 5,600 square foot warehouse, a 2,000 square foot mezzanine, 750 square feet of retail space, and a 750 square foot apartment. The building's zoning is R5 and C2-3, allowing for a range of potential uses. Additional features include a 20-foot roof height. The asking price is $2,798,000, translating to $307.47 per square foot. This property is perfect for a 1031 exchange. The block and lot number is 03780-0023. This is a rare opportunity to acquire a substantial, well-located property in a thriving Queens neighborhood. Don't miss out on this chance to own a piece of Middle Village's vibrant commercial landscape.

Property profile

Verified
Property type Retail properties & Spaces
Total area 9,100 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

79-32 Metropolitan Ave Queens, NY 11379
Queens metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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