171-65 46Th Ave Queens, NY 11358
- Mixed-use properties
- 2,330 SF
Current Use by Public Records
- ATM Machine at Gotham Barbershop / Atm
Property Details for 171-65 46Th Ave
- Property size
- 2,330 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 171-65 46th Ave in the desirable North Flushing neighborhood of Queens, New York (zip code 11358), presents a compelling investment opportunity. The building, encompassing 2,330 square feet on a 3,040 square foot lot, is a two-story structure zoned R3-2. The ground floor currently houses a barber shop and a rear warehouse space, while the second floor features two fully leased, well-maintained two-bedroom, one-bathroom apartments. The property generates a substantial gross annual income of $120,000. The building is equipped with four electric meters, two gas meters, and two boilers, contributing to efficient operation. Owner expenses are minimal, and real estate taxes are exceptionally low at $8,000 annually. This turnkey investment is priced at $1,880,000 and offers a rare chance to acquire a profitable, established property in a thriving Queens location. The property's strong cash flow, low operating costs, and prime location make it an attractive investment for discerning buyers. This is a first-time market offering, representing a unique opportunity to secure a high-yield asset in a sought-after area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.794
- Latitude
- 40.7537
