Property profile

97-31/33 Waltham St Queens, NY 11435

OFF-MARKET
Specialty properties
Built 1920
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Year built 1920

Cap rate & NOI

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

Location

97-31/33 Waltham St Queens, NY 11435
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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