65-06 163 St Queens, NY 11365
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for 65-06 163 St
- Year built
- 1976
- Property type
- Mixed-use properties
Description
This exceptional mixed-use building presents a compelling investment opportunity in the thriving Fresh Meadows neighborhood of Queens, New York. Priced at $2,998,000, this property boasts a strong 7.18% capitalization rate and a net operating income (NOI) of $215,193. Constructed in 1976, the well-maintained, solid brick building comprises three stories and encompasses a total of 15 units. The unit mix includes 12 residential apartments – six one-bedroom units and six studios – and three medical offices, providing a diversified income stream. Four convenient parking spaces are also included. The building is zoned R4, allowing for a variety of potential uses. Its prime corner location in Fresh Meadows offers easy access to schools, public transportation, shopping, and dining options. This property represents a rare chance to acquire a stable, high-performing investment in a desirable and established community. The building's solid construction and diverse tenant base contribute to its strong financial performance and long-term potential. This is an ideal investment for those seeking a proven income-generating asset with significant upside. The address is 65-06 163rd St, Queens, NY 11365.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8058
- Latitude
- 40.7367
