61-19 Roosevelt Avenue
61-19 Roosevelt Avenue
$12,900,000
6
5
4
—
—
—
Temporarily Off Market
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.
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.
Listing Agents
Amenities
- Pets Conditional
- Lowrise
Location
LISTING UPDATED: 12/07/2020 11:49 AM
Property Details for 61-19 Roosevelt Avenue
Status | Temporarily Off Market |
---|---|
MLS ID | H6030029 |
Days on Market | 168 |
Taxes | $8,568 / month |
Common Charges | - |
Min. Down Pymt | - |
Total Rooms | 10.0 |
Compass Type | Mixed Use |
MLS Type | Condominium |
Year Built | 1931 |
County | Queens County |
Building
Location
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
The Payment Calculator is for illustrative purposes only.
Property History for 61-19 Roosevelt Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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