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    OFF-MARKET
    Mixed-use properties

    199-09 32 Ave, Queens, NY 11358

    714 SF 0.02 ac lot Built 1931
    Property ID
    Property summary
    AI-generated overview

    This mixed-use property at 199-09 32nd Avenue in Queens, New York, presents a compelling investment opportunity. The building, constructed in 1931, encompasses 714 square feet and sits on a 0.02-acre lot. It features two units: a large storefront on the ground floor and a spacious two-bedroom apartment above. The apartment includes two large bedrooms, one full bathroom, and a kitchen. The basement is finished, and the building benefits from a recently updated boiler (installed within the last two years), providing efficient hot water. The property will be delivered vacant, offering immediate occupancy and flexibility for the new owner. Its prime location on a busy commercial avenue provides excellent visibility and accessibility. Nearby amenities include supermarkets, restaurants, a cinema, and various stores, all within walking distance. Public transportation is readily available via the Q28, Q31, and Q76 bus routes. A gym and public school are also conveniently located nearby. This property is ideal for investors seeking a strong return in a vibrant and well-connected Queens neighborhood. The asking price is $1,080,000.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1931
    Total area 714 SF
    Lot 0.02 ac (871 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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