99-15 Northern Blvd Queens, NY 11368
- Mixed-use properties
- 3,000 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 99-15 Northern Blvd
- Year built
- 2008
- Property size
- 3,000 SF
- Property type
- Mixed-use properties
Description
This exceptional Class A mixed-use property, located at 99-15 Northern Boulevard in Queens, New York, presents a lucrative investment opportunity. Built in 2008, this four-story building boasts a total of 3,000 square feet on a 3,000 square foot lot and is currently operating at 100% occupancy. The property comprises eight units: six residential apartments and two commercial spaces. The six apartments are configured as three-bedroom units, each featuring a living room, kitchen, and bathroom. Current monthly rents for the apartments range from approximately $2,600 to $2,975. In addition to the residential units, the building includes a retail space currently leased as a convenience store generating $8,000 in monthly rent, and a second commercial space (gym) generating $1,500 monthly. The property is zoned for commercial use and benefits from its convenient location near public transportation, restaurants, a library, a supermarket, and other amenities. This well-maintained building offers a strong, consistent income stream, making it an ideal investment for discerning buyers seeking a high-return property in a desirable Queens location. The building's excellent condition and high occupancy rate contribute to its strong financial performance. This is a rare opportunity to acquire a turnkey, income-producing asset in a thriving area.
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
- -73.8689
- Latitude
- 40.7576
