39-26 65 St Queens, NY 11377

Property Details for 39-26 65 St

Property size

5,325 SF

Property type

Land

Description

This exceptional investment opportunity presents a three-family brick house situated on a 33x100 foot lot in Woodside, Queens, NY, complemented by an adjacent 20x100 foot vacant lot. The main building boasts 5,325 square feet and features three units across three stories. The second floor unit, currently rented for $2,700 per month, and the lower level unit, rented for $2,050 per month, both have leases expiring September 30, 2025. Each unit includes a kitchen, living room, dining room, and full bath. The second floor and lower level units also feature enclosed verandas. The third-floor unit is vacant. A two-car garage is located at the rear of the property. The adjacent vacant lot, currently used for parking, offers significant redevelopment potential with an R5D zoning designation and a FAR of 2. This prime location offers easy access to the #7 train, LIRR, supermarkets, schools, parks, gyms, and restaurants. The property is conveniently located near Roosevelt Avenue. This property presents a unique chance to acquire a multifamily property with substantial upside potential through both rental income and the development of the adjacent lot. The asking price is $2,850,000. The property is classified as Class B.