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Property profile

70-09 45Th Ave Queens, NY 11377

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 10,846 square foot commercial land parcel is located at 70-09 45th Avenue 1B, Queens, NY 11377. Priced at $629,900, this property presents a unique investment opportunity. The site is part of a brand new building and includes a modern, approximately 1000 square foot ground-level commercial condominium. The property boasts low annual property taxes of $2,365.28 and monthly HOA fees of $482.93. A significant advantage is the inclusion of a private indoor garage within the asking price. Additional parking spaces are available for separate purchase. This prime location offers convenient access to a variety of amenities, including diverse transportation options, parks, schools, banking institutions, and supermarkets. The property's strategic positioning within the vibrant Queens community makes it an ideal location for a wide range of commercial ventures. Attractive owner financing is available at a 6% interest rate (subject to change), making this an even more compelling investment prospect. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and return. Don't miss out on this exceptional offering.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Daycare Center

Location

70-09 45Th Ave Queens, NY 11377
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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