61-19 Roosevelt Avenue, Queens, New York, 11377

61-19 Roosevelt Avenue
Queens NY 11377

Cross street:61st Avenue

Building

Type:Low-rise
Era:Post-war
Floors:2

Property

Ownership: Mixed Use
Rooms: 10
Bedrooms: 6 BR
Bathrooms: 7
Pets: Pets Unknown

Financials

Price: $12,900,000
47-44 Vernon Blvd, Long Island City, NY 11101
Courtesy of Compass

Description

COMPASS has been retained on an exclusive basis to handle the sale of 61-17 - 61-29 Roosevelt Avenue, 61-31 Roosevelt Avenue, 39-38 62nd Street, 39-40 62nd Street and 39-42 62nd Street, Woodside, New York. This is a two-story mixed-use corner property with access from 61st Street, Roosevelt Avenue and 62nd Street. It features multiple retail shops including Fay-Da Bakery and Cafe and a HF Dollar and Up, 7700 square foot supermarket among other shops. The residential portion consists of 5 apartments located on the 2nd floor, (walk up). This property has recently undergone a $2.5 million full renovation, including new sewer lines, new store fronts, all new electric and plumbing, including gas lines and hot water heaters and furnace, new roof, roof trusses and stucco facade. Location is key to this property with very heavy foot traffic as the 7 train stop at 61st Street and LIRR to Penn Station and Long Island is located in front of this property. The Q32 bus stops on both corners. The Q70 bus to LaGuardia Airport on the next corner. The US Post Office is on 61st Street adjacent to the property. Two very strong AAA retail tenant leases are structured with responsibilities on the tenant side, including water, insurance, utilities, repairs and a portion of real estate taxes. CURRENT OVERALL INCOME/EXPENSE The gross income is $717,876 with great increases The expenses are $146,085 The NOI: $571,791 PROPERTY INFO: Residential sq feet: 1935 Retail sq feet: 11,700 As a re-development there is additional FAR up to five stories. This property makes for the perfect investment for any buyer to expand their portfolio with great projections and potential.

Amenities

  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

COMPASS has been retained on an exclusive basis to handle the sale of 61 17 61 29 Roosevelt Avenue, 61 31 Roosevelt Avenue, 39 38 62nd Street, 39 40 62nd ...

Description

COMPASS has been retained on an exclusive basis to handle the sale of 61-17 - 61-29 Roosevelt Avenue, 61-31 Roosevelt Avenue, 39-38 62nd Street, 39-40 62nd Street and 39-42 62nd Street, Woodside, New York. This is a two-story mixed-use corner property with access from 61st Street, Roosevelt Avenue and 62nd Street. It features multiple retail shops including Fay-Da Bakery and Cafe and a HF Dollar and Up, 7700 square foot supermarket among other shops. The residential portion consists of 5 apartments located on the 2nd floor, (walk up). This property has recently undergone a $2.5 million full renovation, including new sewer lines, new store fronts, all new electric and plumbing, including gas lines and hot water heaters and furnace, new roof, roof trusses and stucco facade. Location is key to this property with very heavy foot traffic as the 7 train stop at 61st Street and LIRR to Penn Station and Long Island is located in front of this property. The Q32 bus stops on both corners. The Q70 bus to LaGuardia Airport on the next corner. The US Post Office is on 61st Street adjacent to the property. Two very strong AAA retail tenant leases are structured with responsibilities on the tenant side, including water, insurance, utilities, repairs and a portion of real estate taxes. CURRENT OVERALL INCOME/EXPENSE The gross income is $717,876 with great increases The expenses are $146,085 The NOI: $571,791 PROPERTY INFO: Residential sq feet: 1935 Retail sq feet: 11,700 As a re-development there is additional FAR up to five stories. This property makes for the perfect investment for any buyer to expand their portfolio with great projections and potential.

Amenities

  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.