199-09 32 Ave, Queens, NY 11358
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.