Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Bedrooms: | Studio |
| Pets: | No Pets Allowed |
| Lot Size: | 0.06 Acres |
Financials
Listing Courtesy of Rock Realty Inc
Prime corner retail property featuring a ground floor store plus a fully renovated 3 bedroom, 1 bath residential apartment above.
- View of commercial property
- View of side of property with a chimney and stucco siding
- View of gate
- Kitchen with white cabinetry, gas stove, light wood-style floors, a baseboard radiator, and modern cabinets
- Kitchen featuring white cabinets, modern cabinets, backsplash, a skylight, and recessed lighting
- Kitchen featuring modern cabinets, white cabinetry, recessed lighting, backsplash, and dark wood-type flooring
- Kitchen with stainless steel range, white cabinets, tasteful backsplash, light stone countertops, and dark wood-style floors
- Empty room featuring wood finished floors, recessed lighting, plenty of natural light, and baseboard heating
- Unfurnished room with a baseboard heating unit and wood finished floors
- Unfurnished bedroom with a baseboard heating unit, a closet, and light wood finished floors
- Spare room with baseboard heating and light wood-style floors
- Unfurnished bedroom featuring dark wood-style floors and a closet
- Unfurnished room with a baseboard radiator, dark wood-style flooring, and healthy amount of natural light
- Unfurnished bedroom featuring dark wood-style flooring, a baseboard radiator, and a closet
- Full bath with tile walls, light marble finish floors, shower / bath combination with glass door, vanity, and wainscoting
- Bathroom featuring tile walls, combined bath / shower with glass door, wainscoting, and vanity
Description
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.
Amenities
- Electricity Available
- Gas Range
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.
