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Property profile

199-09 32 Ave Queens, NY 11358

OFF-MARKET
Mixed-use properties
714 SF 0.02 ac lot Built 1931
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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

Location

199-09 32 Ave Queens, NY 11358
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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