61-19 Roosevelt Avenue

$12,900,000
Price
6
Beds
5
Baths
4
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

COMPASS has been retained on an exclusive basis to handle the sale of 61-17 - 61-29 Roosevelt Avenue, 61-31 Roosevelt Avenue, 39-38 62nd Street, 39-40 62nd Street and 39-42 62nd Street, Woodside, New York. This is a two-story mixed-use corner property with access from 61st Street, Roosevelt Avenue and 62nd Street. It features multiple retail shops including Fay-Da Bakery and Cafe and a HF Dollar and Up, 7700 square foot supermarket among other shops. The residential portion consists of 5 apartments...COMPASS has been retained on an exclusive basis to handle the sale of 61-17 - 61-29 Roosevelt Avenue, 61-31 Roosevelt Avenue, 39-38 62nd Street, 39-40 62nd Street and 39-42 62nd Street, Woodside, New York. This is a two-story mixed-use corner property with access from 61st Street, Roosevelt Avenue and 62nd Street. It features multiple retail shops including Fay-Da Bakery and Cafe and a HF Dollar and Up, 7700 square foot supermarket among other shops. The residential portion consists of 5 apartments located on the 2nd floor, (walk up). This property has recently undergone a $2.5 million full renovation, including new sewer lines, new store fronts, all new electric and plumbing, including gas lines and hot water heaters and furnace, new roof, roof trusses and stucco facade. Location is key to this property with very heavy foot traffic as the 7 train stop at 61st Street and LIRR to Penn Station and Long Island is located in front of this property. The Q32 bus stops on both corners. The Q70 bus to LaGuardia Airport on the next corner. The US Post Office is on 61st Street adjacent to the property. Two very strong AAA retail tenant leases are structured with responsibilities on the tenant side, including water, insurance, utilities, repairs and a portion of real estate taxes.
CURRENT OVERALL INCOME/EXPENSE
The gross income is $717,876 with great increases
The expenses are $146,085
The NOI: $571,791
PROPERTY INFO:
Residential sq feet: 1935
Retail sq feet: 11,700
As a re-development there is additional FAR up to five stories. This property makes for the perfect investment for any buyer to expand their portfolio with great projections and potential.

Amenities

  • Pets Conditional
  • Lowrise

Location

Add your commute
LISTING UPDATED: 12/07/2020 11:49 AM

Property Details for 61-19 Roosevelt Avenue

StatusTemporarily Off Market
MLS IDH6030029
Days on Market168
Taxes$8,568 / month
Common Charges-
Min. Down Pymt-
Total Rooms10.0
Compass TypeMixed Use
MLS TypeCondominium
Year Built1931
CountyQueens County

Building

61-19 Roosevelt Ave

15 Units2 StoriesBuilt in 1931

Location

Add your commute

Building Information for 61-19 Roosevelt Avenue

Building/Complex61-19 Roosevelt AveFloor-Stories2Residences15Pet Policy-Year Built1931Building Age-Building Type-

Payment Calculator

$78,969 per month

30 year fixed, 7.25% Interest

Principal and Interest

$70,401

Property Taxes

$8,568

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 61-19 Roosevelt Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 61-19 Roosevelt Avenue

This home is within New York City Geographic District #30.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Woodside Community School (The)
PublicPK to 5

P.S. 11 Kathryn Phelan
PublicPK to 6

Is 125 Thomas J Mccann Woodside
Public6 to 8

William Cullen Bryant High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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