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Property profile

117-18 101St Ave Richmond hill, NY 11419

OFF-MARKET
Warehouses
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Property summary

AI-generated overview

This exceptional 6,312 square foot property located at 117-18 101 Ave in Queens presents a unique long-term mixed-use development opportunity. The single-tenant building currently offers a flexible layout suitable for a variety of uses, including executive office, warehouse, flex space, and creative office configurations. Its versatile nature is further enhanced by its strategic zoning designation: R6B and C1-2. This allows for a diverse range of potential development projects, catering to the evolving needs of the vibrant and densely populated area. The property's substantial size provides ample space for expansion or redevelopment, making it an attractive investment for those seeking significant long-term growth potential. The location within a rapidly growing section of Queens ensures strong demand and future appreciation. This is a prime opportunity for investors and developers to capitalize on the area's dynamic market and create a thriving commercial space. Serious inquiries are encouraged to conduct their own due diligence and submit proposals. The property is offered as a single-tenant building, providing a streamlined ownership experience. The existing structure offers a solid foundation for future development or continued use in its current configuration. The property's zoning allows for a wide array of possibilities, making it an exceptionally versatile investment. This is a rare chance to acquire a significant property in a high-growth area of Queens.

Property profile

Verified
Property type Warehouses

Cap rate & NOI

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

Location

117-18 101St Ave Richmond hill, NY 11419
Richmond hill 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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