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42-20 34th Avenue Addisleigh Park, NY 11101
$1,850,000
  • Commercial
  • NEW
  • Year Built 1920
  • Mixed Use
  • ML# 821113

Property Details

Overview

Great Opportunity for an investor .. Corner property in a hight desirable Opportunity Zone in the heart of a major redevelopment area. 2 Large, Whole -floor residential units are without a lease and have potential for 100%+ rent increase. Building is violation-free and all up to code.Roof and skylight/hutch/coping all done in 2023. All utilities (gas heat) less than 8 years old. 2 market-rate residential units have no lease/can be delivered vacant (currently paying 50% below market). As-is can rent for $3, 000, fully renovated can rent for $3, 500 each.Store has lease in place until 2033 with rent at $3300 in 2025 and incremental increases until 2033.

Key Facts

  • Taxes: $7,192
  • Sale or Rent: Sale

Additional Features

  • Construction Materials: Brick
  • Stories: 3

Interior & Utilities

  • Heat: Natural Gas
  • A/C: Wall/Window Unit(s)
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $7,192
Listing Information provided courtesy of Americana Realty Group LLC  516-502-0550
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