10859 Roosevelt AveCorona, NY 11368
- Investment properties
- 6,120 SF
Property Details for 10859 Roosevelt Ave
- Year built
- 2020
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 6,120 SF
- Zone code
- R6B
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01780-0057
- APU
- 17800057
Description
This exceptional mixed-use property, located at 10859 Roosevelt Avenue in the vibrant Corona neighborhood of Queens, New York, presents a compelling investment opportunity. The building is offered at $499,000 and represents a chance to acquire a versatile asset in a high-demand area. While the exact square footage is not currently specified, the property's mixed-use zoning allows for a variety of commercial and residential applications, making it ideal for both owner-occupancy and rental income generation. Situated on a lot with no acreage specified, the building's location on Roosevelt Avenue offers excellent visibility and accessibility, benefiting from high foot traffic and convenient access to public transportation. The property's potential is significant, allowing for creative redevelopment or continued operation as a mixed-use space. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal use for this promising investment. This is a rare opportunity to acquire a mixed-use property in a thriving Queens neighborhood, offering strong potential for both short-term and long-term returns. Interested parties are encouraged to act quickly.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,011,819
- 6.5%
- $933,987
- 7%
- $867,273
-
Comparable approach
- Method
- Valuation
- Relative Method
- $799,639
- Geo Method
- $799,639
-
Alternative Use
- Use
- Valuation
- Residential
- $1,158,143
- Hospitality
- $1,060,853
- Educational
- $882,617
- Medical
- $912,972
- Retail
- $1,372,960
Location Insight
- City
- Flushing
- County
- Queens
- State
- New York
- Latitude
- 40.7516
- Longitude
- -73.8568
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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