43-04 30Th Ave Queens, NY 11103
- Mixed-use properties
- 5,578 SF
Current Use by Public Records
- Growcery NY / Grocery Store
- Moa Coffee Astoria / Coffee Shop / Bakery
Property Details for 43-04 30Th Ave
- Year built
- 1928
- Property size
- 5,578 SF
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional mixed-use property, located at 43-04 30th Ave in Long Island City, Queens, NY 11103, presents a compelling value-add investment opportunity. The three-story, 1928-built building boasts a total of 5,578 square feet and comprises eight units, including six residential apartments and two commercial spaces. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $322,195, yielding an attractive 7.00% cap rate. The asking price is $4,600,000. This Class C building offers significant upside potential for a savvy investor looking to capitalize on the thriving Long Island City market. The strong current cash flow, combined with the potential for further value enhancement, makes this a rare find in a highly desirable location. The property's prime location in Queens County provides easy access to major transportation routes and a wealth of amenities. This is an ideal opportunity to acquire a well-performing asset with considerable growth prospects. The building's solid foundation and established tenancy provide a stable income stream, while the mixed-use nature allows for diverse revenue streams and future development possibilities. Don't miss this chance to secure a prime investment in a rapidly appreciating market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9125
- Latitude
- 40.7625
