Long Island City, NY 11101,32-01 47th AVE

$1,980,000

$2,250,000

12.0%
Est.Price: ?

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Est. payment /mo

5,288 SqFt


SOLD DATE : 04/10/2024

Key Details

Sold Price $1,980,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 5,288 sqft

Price per Sqft $374

MLS Listing ID KEYL3462879

Sold Date 04/10/24

Originating Board onekey2

Rental Info No

Year Built 1965

Annual Tax Amount $29,383

Lot Dimensions 30x100

Property Description

Calling All Investors, Developers & End-Users!!! 18.8 Cap 5,288 Sqft. Two Unit Corner Restaurant Building For Sale!!! The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, High 10' Ceilings, Strong M1-4 Zoning, Signalized Intersection, All New LED Lighting, 3 Phase Power, Accessible Ramp & Bathroom, CAC, +++!!! The Current Restaurant Has Been A Family Owned Business In This Location For 35 Years!!! The Property Is Located In The Heart Of Long Island City On The Corner Of Van Dam Street & 47th Avenue Minutes From Queens Plaza!!! Neighbors Include Starbucks, Capital One Bank, Hyundai, Subaru, Harley Davidson, Exxon, Wyndham Hotels, Extra Space Storage, The Home Depot, Staples, Marshall's, Party City, Old Navy, P.C. Richard & Son, Dunkin', CVS, Planet Fitness, Burlington, David's Bridal, McDonald's, Panera Bread, Trader Joe's, Boston Market, YMCA, +++!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property / Home For Your Business!!! Income: Restaurant (5,288 Sqft.): $416,129 Ann. NNN. (Available) Gross Income: $416,129 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3,182 Ann. Taxes: $29,383 Ann. Total Expenses: $32,815 Ann. Net Operating Income (NOI): $448,944 Ann. (Proforma 18.8 Cap!!!)

Location

State NY

County Queens

Interior

Heating Natural Gas

Fireplace No

Exterior

Total Parking Spaces 6

Private Pool No

Building

Story 1

Others

Special Listing Condition None

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Listed by All Island Estates Realty Corp
Bought with Block & Lot Services Inc
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"My job is to help you sell your home without going through the stress that most sellers feel they have to go through and for the highest price possible, period."

+1(914) 214-1432

alex@integrumre.com

625 US-6, Mahopac, NY, 10541

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