102-34 216Th St Queens Village, NY 11429
This exceptional Queens Village property, located at 102-34 216th St, 11429, presents a unique investment opportunity. Currently configured as a single-family residence, this mixed-use building offers significant potential for conversion back to a two-family dwelling, maximizing rental income. The home boasts four bedrooms and three full bathrooms, providing ample living space. A finished walk-out basement offers additional square footage, readily adaptable for expansion or supplementary living quarters. The property also includes a private backyard, a convenient garage, and a driveway with space for three additional vehicles. Originally a two-family home, it was converted to a single-family residence forty years ago to accommodate the owner's family. This conversion was easily accomplished, suggesting a straightforward reversion to its original two-family configuration. The asking price for this versatile property is $685,000. Its prime location in Queens Village, New York, offers easy access to local amenities and transportation. The property's flexible layout and substantial features make it an attractive prospect for both owner-occupants and investors seeking a strong return on investment. The potential for increased rental income through conversion, coupled with the existing comfortable living space, makes this a truly compelling opportunity.
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.