$2,500,000 $13,421 est/mo Sourced by Back At You

214-14 214th (36th Ave),Bayside, NY 11361

Bayside NY, 11361

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Description

Calling All Investors, Developers, & End-Users!!! Unique 10,000 Sqft. Corner Development Site In Bayside For Sale Asking Only $2.55m-$2.95m!!! The Property Features Excellent Signage, Great Exposure, Strong R3X Zoning, 20 Parking Spaces, High 12' Ceilings, Separate Meters, Low Property Taxes, Full Basement, Separate Entrances, Gated Lot, Yard, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bayside On A HUGE 10,000 Sqft. Lot Just 5 Blocks From The LIRR & 3 Blocks From Bell Blvd.!!! The Property Is Situated In Between Northern Blvd., The Cross Island Parkway & Clearview Expressway!!! Neighbors Include Starbucks, UPS, Stop & Shop, CubeSmart Self Storage, Dunkin', Sephora, Staples, Five, Guys, Outback Steakhouse, Panera Bread, Walgreens, Duane Reade, Powerhouse Gym, Dollar Tree, Domino's, Taco Bell, McDonald's, Baskin-Robbins, Wendy's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (800 Sqft; 1 Br. Apt.): $34,200 Ann. (Available) Unit 2 (1,500 Sqft.; 1 Br. Apt.): $23,400 Ann.; Lease Exp.: 1/1/25. Has Upstairs Loft That Could Be Turned Into 2 Additional Bedrooms. Unit 3 (800 Sqft.; 2 Br. Apt.): $23,220 Ann.; Lease Exp.: 2/1/24. Unit 4 (800 Sqft.; 1 Br. Apt.): $43,800 Ann.; Has 700 Sqft. Attic That Can Be Turned Into An Additional Bedroom. (Available) Unit 5 (1,800 Sqft.; 2 Br. Apt.): $55,800 Ann. (Available) Unit 6 (1,000 Sqft.; 2 Br. Apt.): $31,800 Ann. M-M. Pro Forma Gross Income: $212,220 Ann. Expenses: Oil : $9,823 Ann. Electric: $480 Ann. (Porch Lights Only) Water + Sewer: $2,300 Ann. Insurance: $8,167 Ann. Maintenance & Repairs: $650 Ann. Taxes: $34,899.28 Ann. 658 Total Expenses: $56,319.28 Ann. Net Operating Income (NOI): $155,901 Ann.

Details

MLS#3514995
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1932
Days On Site168
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

Story(s)3
Units6
ZoningR3X-AptBld
Acreage0.23

Market Activity 11361

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey MLS.

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Learn More About This Property

StateNY
CountyQueens
CityBayside
Zip Code11361
Subarea12
Listing VS Median (in 11361)
Price:
$2,500,000
low | high
Med:
$889,000
100% of Average
On Site:
168
low | high
Med:
74.000000
100% of Average
Sourced by Back At You
Listing Updated: April 22, 2024 at 3:48:30 AM PDT