168-30 89th Avenue
Jamaica, Queens, NY 11432
168th St
Sale Price
$8,000,000
Property Type
Mixed Use
Property Description
Property for LEASE - Medical Center - NYC - APPROVED PLANS for residential for an ambitious corner lot expansion in the Jamaica Center area: a 5-story building comprising 32 residential units (revisions can be made to double this- VERY RARE commercial corner building), complemented by a community facility. This expansion plan includes underground parking for 20 cars, aligning urban requirements. Prime commercial property presents a remarkable investment opportunity. This strategic corner asset encompasses two distinct lots: the first, a generous 5,000 square feet area (50 ft x 100 ft), is graced with a versatile two-story building; the second, a 2,500 square foot lot (25 ft x 100 ft) , falls under the R6A zoning- sold together. The existing structure boasts a practical basement, ideal for storage needs, and a capacious parking facility, accommodating up to 20 vehicles. This expansion plan thoughtfully includes underground parking for 16 cars, aligning with modern urban requirements.The property's enviable location amplifies its appeal. It sits conveniently close to major thoroughfares and public transport links, ensuring easy accessibility. Furthermore, the area is a hotspot of residential development, thriving within a densely populated and vibrant community. This convergence of location, versatility, and developmental potential makes this property an ideal choice for investors and developers seeking a foothold in a dynamic and growing urban landscape.
Property Specifics
Property Type:
Mixed Use
Yearly Taxes:
$24,025
Estimated Sq. Foot:
3,500
Price per Sq. Foot:
$2,286
MLS ID:
3516002
Source Status:
Active
Location & Transportation
Other Property Information
Summary
General Information
- Year Built:
1957
- Current Use:
Commercial, Mixed Use, Office, Residential, Retail
Interior and Exterior Features
Interior Features
- Living Area:
3,500 sq. ft.; source: Estimated
Property Information
Lot Information
- Zoning:
R6A
- Buildings:
1
- Total Units:
2
- Lot Size:
7,500 sq. ft.; source: Other
- Lot Dimensions:
50x100
Utilities
- Heating:
Heating Natural Gas, Heating Baseboard
- Sewer:
Sewer
Estimated Monthly Payments
Monthly Total
$40,373
Monthly Taxes
$2,002
Interest
6.00%
Down Payment
20.00%
Mortgage Calculator
Monthly Mortgage Cost
$38,371
Monthly Charges
$2,002
Total Monthly Payment
$40,373
Calculation based on:
Price:
$8,000,000
Charges:
$2,002
* Additional charges may apply
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