Mixed use property

3 Free Market Renovated 2 bedroom/ 1 bathroom apartments at below market rents
• 3 Retail Units on main corner of Woodside Ave and 69th Street
• 4 Vacant Parking Spots with dedicated driveway
• Vacant Warehouse/Storage space in the back of 68-10 Woodside Ave
• Two blocks away from the 7 Train subway stop on 69th Street and Roosevelt Ave & an 8 minute walk from the Woodside Train Station stop for the LIRR
• Easy access to the BQE and close proximity to Queens Blvd & Roosevelt Ave & Broadway
• Neighborhood has a great mix of residential and commercial
• Possible owner-user opportunity
Real Estate Taxes (24/25) $39,128
Income $298.000
NOI 225.000

27’ wide, 9-unit multifamily property located on the south side of West 82nd
11,290
GSF, the property features one commercial space which is leased to TwoDO salon
though December of 2024, 7 rental apartments and a large ~3,300 sq. ft. owner’s
duplex spanning the entire 4th & 5th floors. The building is currently configured as
2 one-bedrooms, 3 two-bedrooms, 2 three-bedrooms and a five-bedroom 4 ½ bath
owners’ unit. The owner’s unit was created in 2009 and includes modern finishes,
central air conditioning, security system, laundry room and a private keyed elevator
accessed from a separate door in the main lobby. Of the 7 rental apartments, 4 are
Free Market, 2 are Rent Stabilized (1 is on a preferential rent) and 1 is Rent Controlled.
The property has been well maintained by long term ownership and is being
offered for sale for the first time in over 30 years. Future ownership will have the
opportunity to occupy the owner’s unit while deriving investment income from
the remaining rental units. Additional value can be created via renovations of
the existing Free Market apartments, re-positioning of the basement space and
eventual recapture of the remaining regulated apartments.
NOI $422K

7 Free market units with 5 commercial spaces.
A package of two mixed-use buildings on Frederick Douglas Blvd along with a two story commercial building located at 303 West 128th Street. 2391 Frederick Douglas Blvd is a 25’ wide four unit four story corner mixed-use building. 2391 Frederick Douglas Blvd is a 25’ wide three unit four story mixed-use building. 303 West 128th Street is a two story commercial building. 
The zoning, lot size makes the property a prime development opportunity. The zoning allows a 43,056 square feet property to be built, this would include inclusionary housing. The apartments would be a mixture of one and two bedroom apartments.   
Total Annual Income: $621,300, to   $678,000
Total expenses: $102,073.8
Net Operating Income: $575,926.2 CAP RATE: 7.1% 
For more information email me to vardan@avenuesny.com
ASKING PRICE: $10,000,000

This is a newly build 10 two-bedrooms units elevator building with two stores, with three years TAX abatement. All units have very high Legal rent. The net operating income is more than 200K annually. 8.5% Cap rate.

3-unit mixed-use building on the northwest corner
of Fulton Street and Hemlock Street in Cypress
Hills
Recently renovated building with two one-bedroom
apartments above a modern food market and full
basement
Entirely free market and 100% occupied
$250,000 in recent capital improvements
Conveniently located near several transportation
options such as the ‘J’ & ‘Z’ trains at the Crescent St
Station one block away
Block / Lot 4131 / 13
Lot Dimensions 20' x 46.92'
Lot Sq. Ft. 939
Building Dimensions 20' x 46.92'
Stories 2
Total Units 3
Building Sq. Ft. 1,878
Zoning R5 / C1-2
FAR 1.25 / 1.00
Buildable Sq. Ft. 1,174
Air Rights Sq. Ft. None
Tax Class 1
Assessment (24/25) $22,982
Real Estate Taxes (24/25) $4,616
Scheduled Gross Income: $105,672
Real Estate Taxes (24/25) $4,616
Insurance $3,000
Net Operating Income: $84,986
Cap Rate  6.07% 

Building Size- 8.100 SF

Lot Size - 2525 SF (25X97)

17 units- 9 Studios, 7 one-bedroom, 1 two-bedroom.

6 Story, walkup

14 Free Market units, 3 RS

1 retail space- 1400 SF

All FM tenants have electric HVAC & pay own heating
Retail tenant only pays 65% of rent
Steps from Tompkins Square Park & restaurants
Steps away from the B, D, F, M, R, W, and 6 Trains

NOI $554.937- $608937

Cap Rate  7.94%

Sale condition 1031 Exchange

Units 11

Property type Multifamily

Building Size 5.509 SF

Average Occupancy 100%

Year Built/renovated 1910/2010

The property is a mixed-use building in the heart of Richmond Hill, Queens

The building consist of four floors above grade plus a lower level and totals approximately 5,520 square feet of above grade space.

There are 2 commercial units one that is on a month to month lease and one with a lease expiring in February of 2026.

9 occupied Rent Stabilized residential units. The property sits on a 2,300 square foot corner lot and is zoned R6A with a C2-3 commercial overlay.

1+1 9 units

Studios 2

Gross Square Feet: 7,809 Approve Square Feet
Net Square Feet: 5,663 Approve Square Feet
Existing Square Feet: 3,919 (19’ x 78’ first floor and 19’ x 64’ each 2nd & 3rd Floors)
Zoning: (FAR), R8A (6.02) with a C2-5 Overlay (2.0)
Total Buildable: (6.02 FAR) 9,150.4
Assessment: $342,900 (20/21)
Real Estate Taxes: $36,669.76
Basement Floor: 19’ x 80’ = 1,520 Gross Sq Ft storage
Ground Floor: 19’ x 80’ = 1,520 Gross Sq Ft Commercial
Second Floor: 19’ x 68’ = 1,292 Gross Sq Ft Residential
Third Floor: 19’ x 68’ = 1,292 Gross Sq Ft Residential
Fourth Floor: 19’ x 65’ = 1,235 Gross Sq Ft Residential
Fifth Floor: 19’ x 65’ = 1,235 Gross Sq Ft Residential
Sixth Floor: 19’ x 65’= 1,235 Gross Sq Ft Residential
 

Residential Units 18
Commercial Units 2
Building Sq. Ft. 10,100
$955 / $/SF
Buildable Sq. Ft. 10,122
Air Rights Sq. Ft. 22

Financial Summary 
Net Operating Income: $571,958  Existing,
Gross Residential Income $707,496
Gross Commercial Income $173,988
Scheduled Gross Income: $881,484

Real Estate Taxes (24/25)* $210,511 
Electric* $1,800 RE 
Reimbursement* ($21,189) 
Repairs & Maintenance $6,000 
Water & Sewer* $10,500 
Payroll $10,000 Insurance* $12,917
Legal/Miscellaneous $8,516 
Fuel (Gas)* $15,000 
Management $25,547

Commercial 2 $7,250 monthly
Studio 1 $3,150 monthly
1 BR 17 $3,283- $55,808 monthly

RS 1 $1,488

This is a 18.5X101 ft vacant lot, with 7500 buildable sf.ft option to build mixed use luxurious building, or a single-family home with an elevator and roof deck. 2 min walking distance from 125th Street subway station. Please find more details in the documents attached. $93 per sq.ft