Property profile

124-11 Metropolitan Ave Queens, NY 11415

OFF-MARKET
Retail properties & Spaces
14,000 SF Built 1950
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 124-11 to 124-19 Metropolitan Avenue in Kew Gardens, Queens, New York, presents a compelling investment opportunity. The 14,000-15,000 square foot building, constructed in 1950 and extensively renovated in 2021, sits on an 11,524 square foot lot and offers a versatile blend of creative office, executive office, and storefront spaces. The two-story structure includes an ADA-compliant elevator and provides 19 off-street parking spaces, a significant advantage in this location. The property is zoned R4A, allowing for a variety of uses. Its prime location on a highly trafficked section of Metropolitan Avenue ensures excellent visibility and accessibility. The property benefits from proximity to major highways (Grand Central Parkway, Van Wyck Expressway, Belt Parkway, Brooklyn Queens Expressway, Union Turnpike, Queens Boulevard, and Jackie Robinson Parkway), public transportation (Q54 bus and Kew Gardens train station), and airports (JFK and LaGuardia). This value-add investment is ideal for owner-users or investors seeking a strong return. High-end finishes throughout enhance the property's appeal. The building's unique layout and strategic location make it suitable for a wide range of businesses. This is a rare opportunity to acquire a well-maintained, versatile property in a thriving Queens neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Total area 14,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist

Location

124-11 Metropolitan Ave Queens, NY 11415
Queens metro
Google Maps

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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