7227 60 LnQueens, NY 11385

Property Details for 7227 60 Ln

Year built

1925

Lot size

0.14 AC

Property size (Sq ft)

2,324 SF

Zone code

M1-4D

Property type

Investment properties

Property subtype

Live-work space

APN

03591-0050

APU

35910050

Description

This exceptional Queens County property offers a unique blend of office, warehouse, and land, ideal for a variety of businesses. The 3,075-square-foot building features 1,360 square feet of office space spread across two floors (20' x 34' each), and a substantial 1,715-square-foot warehouse/garage area (35' x 49'). The property also includes a generous 3,752-square-foot land parcel, totaling 6,147 square feet of lot size. The building boasts three convenient drive-in doors for easy loading and unloading. Power is provided by a robust 200-amp, 3-phase electrical system. Located in the Ridgewood submarket of Queens, this single-tenant property is zoned M1-1D and features convenient access to public transportation, including the M train and several MTA bus lines. The property's location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a versatile and strategically located space. The annual property taxes are $7,772. The property's address is 7227 60th Ln, Queens, NY 11385, with the APN 4-03591-0050.

• CAP approach

  CAP return

  Valuation

  6%

  $384,227

  6.5%

  $354,671

  7%

  $329,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $303,654

  Geo Method

  $303,654

• Alternative Use

  Use

  Valuation

  Residential

  $439,792

  Hospitality

  $402,847

  Educational

  $335,164

  Medical

  $346,691

  Retail

  $521,366

Location Insight

City

Glendale

County

Queens

State

New York

Latitude

40.6998

Longitude

-73.8947

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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