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Presented by
Kerry Hart |
This rare, oversized 5, 000 sqft lot features a versatile commercial building with approximately 5, 000 sqft of interior space. Located in one of Queens’ fastest-growing corridors, the property provides a unique opportunity for investors, trades, and business owners seeking well-located, highly accessible manufacturing, commercial or warehouse space. The building is currently leased to 3 separate commercial tenants. The first floor is sub-divided to both an autobody shop and a automotive mechanic. The 2nd floor is currently leased by a nail tech company. Key Features Lot Size: 50 x 100 square feet Building Size: Approx. 5000 square feet Units: Currently leased to 3 commercial tenants Zoning: M1-1 Ceiling Height: 15 ft high ceilings suitable for manufacturing, workshop, warehousing, retail and storage. Overhead door height is also 15 ft. Parking: On-site lot with four spaces with convenient loading access for trucks and vans Flexible Use Options With three adaptable units and a wide layout, this property can accommodate a variety of uses, including: Retail or showroom space Contractor/trades headquarters Light industrial or warehouse use Auto-related services Office or mixed-use business operations Whether for an owner-operato or an income-producing investment, the property’s flexibility sets it apart in today’s market. Strategic Location Located at the crossroads of Astoria and Elmhurst, this site offers direct connectivity to LaGuardia Airport, Brooklyn Queens Expressway, Grand Central Parkway, and the RFK Bridge, ensuring seamless access to Manhattan, Brooklyn, the Bronx, and Long Island. Public transportation is easily accessible with MTA bus lines and subway access via the R, N and W trains, all within a 15 minute walk.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
Sales Associate
William Raveis Real Estate
Phone: 860.604.7972
Kerry.Hart@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $1,917 | $1,917 | $1,917 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,890 | $11,831 | $16,475 |
| Total Monthly Payment | $12,932 | $13,873 | $18,517 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.