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Mixed Use For Sale 55-19 Metropolitan Ave 4 Unité Immeuble d’appartements 2 308 384 $ CAD (577 096 $ CAD/Unité) Ridgewood, NY 11385
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Faits saillants de l'investissement
- Diversified mixed-use income stream
- Prominent corner presence on Metropolitan Ave
- Options to convert the 4 bedroom into two (2-bedrooms)
- Solid in-place cash flow with upside
- Commercial space to be delivered vacant
Résumé de l'annonce
This property consists of three residential units and one commercial unit, plus two private garage spaces, offering a diversified income stream with strong upside potential.
The building features:
• One: 4-Bedroom / 1-Bath unit
• Two: 1-Bedroom / 1-Bath units
• One ground floor commercial unit (1,274 SF)
• Two private garages
• 25’ x 100’ lot
• R6B, C2-4 zoning overlay
The property generates approximately $142,956 in current gross income with a projected pro-forma of $155,400, supporting a 6.7% pro-forma cap rate. With approximately 1,075 SF of unused FAR and commercial frontage on Metropolitan Avenue, investors benefit from both stable in-place cash flow and long-term repositioning potential.
The Area
Maspeth continues to experience steady growth driven by its strategic location between Williamsburg, Ridgewood, and Long Island City. The neighborhood benefits from:
• Increasing residential demand from nearby Brooklyn submarkets
• Strong local retail corridors
• Proximity to major highways and public transportation
As surrounding neighborhoods push pricing higher, Maspeth remains a relative value play within Queens — making this an attractive opportunity for investors seeking yield today and appreciation tomorrow.
This is an ideal acquisition for:
• 1031 exchange buyers
• Mixed-use investors seeking stabilized income
• Owner-users looking to control their real estate
• Long-term holders focused on Western Queens growth
For additional financials or to schedule a private showing, contact Reyes & Elsamad Real Estate Group.
The building features:
• One: 4-Bedroom / 1-Bath unit
• Two: 1-Bedroom / 1-Bath units
• One ground floor commercial unit (1,274 SF)
• Two private garages
• 25’ x 100’ lot
• R6B, C2-4 zoning overlay
The property generates approximately $142,956 in current gross income with a projected pro-forma of $155,400, supporting a 6.7% pro-forma cap rate. With approximately 1,075 SF of unused FAR and commercial frontage on Metropolitan Avenue, investors benefit from both stable in-place cash flow and long-term repositioning potential.
The Area
Maspeth continues to experience steady growth driven by its strategic location between Williamsburg, Ridgewood, and Long Island City. The neighborhood benefits from:
• Increasing residential demand from nearby Brooklyn submarkets
• Strong local retail corridors
• Proximity to major highways and public transportation
As surrounding neighborhoods push pricing higher, Maspeth remains a relative value play within Queens — making this an attractive opportunity for investors seeking yield today and appreciation tomorrow.
This is an ideal acquisition for:
• 1031 exchange buyers
• Mixed-use investors seeking stabilized income
• Owner-users looking to control their real estate
• Long-term holders focused on Western Queens growth
For additional financials or to schedule a private showing, contact Reyes & Elsamad Real Estate Group.
Faits sur la propriété
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 4+1 | 1 | - | - |
| 1+1 | 2 | - | - |
1 1
Exceptionnellement practicable à pied
100/100
Relativement facile d'accès en voiture
30/100
Transports en commun exceptionnels
100/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 02640-0001 | Évaluation des bâtiments | 178 407 $ CAD |
| Évaluation du terrain | 46 689 $ CAD | Évaluation totale | 225 096 $ CAD |
Impôts fonciers
Numéro de lot
02640-0001
Évaluation du terrain
46 689 $ CAD
Évaluation des bâtiments
178 407 $ CAD
Évaluation totale
225 096 $ CAD
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Mixed Use For Sale | 55-19 Metropolitan Ave
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