97-31/33 Waltham St, Queens, NY 11435
This exceptional investment opportunity presents two contiguous lots totaling 4,800 square feet (48' x 100'), located at 97-31/33 Waltham Street in Jamaica, Queens, NY 11435. The property is zoned C4-5X, allowing for a diverse range of mixed-use development options. With a combined buildable area of 24,000 square feet, this site offers significant potential for a substantial project. The asking price is $3,000,000, translating to approximately $125 per buildable square foot. Built in 1920, the existing structures are currently configured as a four-unit multifamily property. The property's location in Queens offers easy access to major transportation routes and a vibrant community. Prospective buyers are encouraged to conduct thorough due diligence, including a review of the C4-5X zoning regulations, to fully understand the development potential and any associated limitations. This is a rare chance to acquire a large, mixed-use parcel in a prime Queens location. The property's size and zoning make it ideal for a variety of commercial and residential projects, offering a strong return on investment for the right developer. Serious inquiries only.
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
Similar Nearby for Lease
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.