122-21 111th Avenue

For Sale$310/Sqft

122-21 111th Avenue, Queens, NY 11420

  • Mixed Use

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Details

  • Sale Price $310/Sqft
  • City Queens
  • Neighborhood South Ozone Park
  • Zip Code 11420
  • Market Queens
  • Property Type Mixed Use
  • Property Size 3,000 Sqft
  • Lot Size 2,000 Sqft
  • Property Tenancy Multi-Tenant
  • Year Built 1931
  • Date Added 22 Jan, 2020
  • Construction Type Brick

Description

Goldcap Real Estate Advisors has been retained on an exclusive basis to represent the sale of 122­21 111th Avenue, a FULLY VACANT corner mixed use building Between 123rd Street and 122nd Street. The subject property is a two ­story walkup consisting of 3,000 SF spanning across two residential units and retail on the ground floor (20X100) and a finished basement. Each apartment is two bedrooms and one bath. The retail space is 20x55FT with a total RSF of 1100 SF as well as a 20x12 Ft 240 SF back office with its own entrance. In addition there is an attached garage 20x15 300 SF that was being used as a studio and can be converted into an additional apartment or retail unit. The Asset Presents investors a unique opportunity to add Value by expanding the existing units or by converting the ground floor to add additional units. The projected Income assuming no change in certificate of occupancy is $100,200 yearly. With a conversion of the ground floor it can be significantly more. Asking Price:$930,000.00,

South Ozone Park Demographics

The average household income in zip code 11420 is $85,258, from a total of 13,226 households. In terms of employment, there are 77.21 % white-collar and 22.79 % blue-collar jobs in zip code 11420.

Population

  • Total Population78,297
  • Male Population(49.3 %) 38,588
  • Female Population(50.7 %) 39,709
  • Median Age37.00

Income/Financial

  • Average Household Income$68,993
  • Median Household Income$66,220
  • Median Income Under 25$56,510
  • Median Income 25-44$63,065
  • Median Income 45-64$76,619
  • Median Income Over 65$49,051

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Heshie Goldfein

Goldcap Real Estate Advisors

(212) 335-0708