6666 Grand AveMaspeth, NY 11378

Property Details for 6666 Grand Ave

Year built

1925

Lot size

0.10 AC

Property size (Sq ft)

2,400 SF

Zone code

R5B

Property type

Office buildings

APN

02774-0047

APU

27740047

Description

This exceptional mixed-use property, located at 6666 Grand Avenue in Maspeth, New York, presents a compelling investment opportunity. Situated in the heart of Maspeth, this building benefits from an unparalleled location, offering easy access to the Long Island Expressway (LIE), providing convenient connections to major roadways and facilitating seamless travel throughout the region. The property's central location also ensures proximity to a comprehensive network of public transportation options, simplifying commutes for residents and employees alike. Its advantageous position also places it within convenient reach of Manhattan, enhancing its appeal and accessibility. The building is being sold in its current "as-is" condition, allowing for potential buyers to customize and renovate to their specific needs and vision. The property's mixed-use zoning allows for a variety of potential uses, making it an attractive investment for both seasoned investors and those new to the commercial real estate market. The sale price is $1,195,000. While the exact square footage is not currently available, the property's prime location and potential for diverse uses make it a highly desirable asset. Serious inquiries are encouraged to explore this unique investment opportunity further. The property is situated on a lot with zero acres.

• CAP approach

  CAP return

  Valuation

  6%

  $471,106

  6.5%

  $434,868

  7%

  $403,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $313,584

  Geo Method

  $313,584

• Alternative Use

  Use

  Valuation

  Residential

  $539,236

  Hospitality

  $493,937

  Educational

  $410,950

  Medical

  $425,083

  Retail

  $639,255

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7249

Longitude

-73.8964

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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