
Courtesy of: Jim Pappas, Rock Realty Inc, jim.pappas@rockrealty.us
$1,438,888
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Lot: 0.06 Acres
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Other
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$1,438,888
101-01 35th Avenue Prime corner retail property featuring a ground-floor store plus a fully renovated 3-bedroom, 1-bath residential apartment above. Each unit has its own separate heating system. The residential apartment has been completely renovated, including a brand-new kitchen and bathroom, along with new electrical and plumbing throughout. This is an excellent income-producing investment opportunity, ideal for a 1031 exchange, offering an attractive 6.5% cap rate. The retail tenant enjoys use of a three-car garage and is responsible for all real estate taxes, enhancing the property's cash flow. Conveniently located just 0.5 miles from the 103rd Street-Roosevelt Avenue subway station. 1st Floor (Retail): 24.81 * 48.14 2nd Floor (Residential): 24.81 * 36.25 Additional unused FAR, offering future potential. A strong, turn-key investment.
Courtesy of: Jim Pappas, Rock Realty Inc, jim.pappas@rockrealty.us
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