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OFF-MARKET
Storefront properties

118-82 Metropolitan Ave condo 1b Kew Gardens, NY 11415

Built 2002
Property ID
Property summary
AI-generated overview

Built in 2002, this well maintained, spacious, clean, vacant, versatile duplex brick condo duplex of around 1,500 square feet can be used as medical, office, retail and residential! Forest Park condominium is located at the Kew Gardens commerical center. A quiet residential neighborhood in Queens known for its tree-lined streets and historic homes. It offers a suburban feel with front door access to the Q10 (40 minutes to JFK Airport), QM18 (express to Manhattan) and Q54 buses (30 mins to JFK connect with Jamaica Airtrain)! Live in super keeps the building immaculate and safe. Polished wood paneled lobby with compactors on every floor. Good Lefferts blvd intersection, sign visibility with a private street entrance and a wheelchair ramp. Great foot and 15k+ daily car traffic! Parking garage with one space, pet friendly, laundry room and video security intercom to lobby. New carpeting, fresh paint and bathroom renovation. Reception area or showroom, four other rooms, two and a half bathrooms with a kitchen. Yearly taxes $13,825. Monthly common charges of $1,434.55 includes heat, water, cooking gas, grounds keeping of common areas, trash, snow and ice removal. Was leased by a medical office for many years with yearly rental income of $72k and yearly net income of around $39k @ 4% cap. Now available for lease at $6k monthly. Zoning R7A, C1-3. Commuter, walker and food lover paradise next to ethnic restaurants, Ateaz organic coffee, Cookies and Cream pastry shop, Mikado, Hangar 11 burgers and bar, Albas deli, Juice Stop cafe, Tiki Tiki, Paul Michaels, Nabhya, Village diner, Jade, La Sala Tu Casa, C Italian Kew, Roast and Co, Bakers dozen, family owned groceries and pharmacies, shops, salons, spas, banks, UPS access points, Dunkin donuts, 7-11, LIRR Kew Gardens station (Penn station Manhattan 18 minutes!), cinemas, Urban Wellness urgent care, CVS, animal hospital, post office, 538 acre Forest Park, barbeques, bridle paths for walking, biking, horseback riding, playgrounds, carousel, basketball, football, baseball, softball, tennis, bocce, handball, running track, roller skating, model airplanes and a challenging par 67 golf course. Dog friendly areas, wifi spots and the George Seuffert Sr. bandshell outdoor theather hosts free concerts throughout the warm season. Close to world renowned Michelin approved Caleta 111 Cevicheria, Rolos, il Gigante restaurants, Q24, Q37, Q55, Q56 buses, E, F, J, Z subways, hospitals, police, fire stations and major junction of Queens Blvd, Van Wyck expressway, Grand Central and Jackie Robinson parkways. Around 15 minutes non rush hour drive to JFK and LaGuardia airports and 35 mins to Manhattan! For questions and appointments, contact Diane Mi Chong at 718-640-4431, [email protected]. Real estate agent at Hanmi Realty.

Property profile
Verified
Property type Storefront properties
Year built 2002
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Challenge to USA 21 Association Or Organization
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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