53-68 Metropolitan Ave Queens, NY 11385
- Apartment buildings
- 2,240 SF
Current Use by Public Records
- Apartment buildings
Property Details for 53-68 Metropolitan Ave
- Property size
- 2,240 SF
- Property type
- Apartment buildings
Description
This exceptional Queens investment property presents a rare opportunity. The legal three-family brick building boasts 2,240 square feet, situated on an expansive 85' x 104' lot. The property features a full finished basement, adding significant usable space. Ample parking is provided with a three-car garage and an additional seven parking spaces, totaling ten spaces. The building is a two-story structure with three units, each currently priced at $666,000. The asking price for the entire property is $1,998,000, translating to $891.96 per square foot. The R6B zoning, coupled with a C2-4 commercial overlay, unlocks significant development potential, allowing for a mixed-use conversion (buyer to verify zoning allowances). This property is ideal for both seasoned investors and those seeking a high-return venture. With its prime location at 53-68 Metropolitan Ave, Queens, NY 11385, and substantial air rights of 2,964 square feet, this property offers exceptional upside. This is a truly unique opportunity to acquire a multifamily property with significant development potential in a desirable Queens location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9108
- Latitude
- 40.7132
