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72-17 Grand Avenue, #DEVSITE, Queens (Woodside), NY, 11378 | $2,750,000
72-17 / 72-19 Grand Avenue Maspeth, Queens
A rare two-lot corner assemblage on one of Maspeth's most active commercial corridors. Zoned R6B/C1-3, this contiguous development site offers approximately 12, 000 buildable square feet of mixed-use potential.
(For the right buyer, the upside goes well beyond the base envelope. With additional air rights and assemblage potential in place, the site could support over 24, 500 buildable square feet. Inquire within for details. )
The combined footprint unlocks a ground-floor retail program beneath a full residential build, positioning the right developer to capitalize on a neighborhood where demand continues to outpace supply. Maspeth remains one of the last true value plays in Queens, buffered by Ridgewood to the east, Woodside to the north, and the rapid appreciation of Long Island City to the northeast.
Transit, highway access, and a dense residential base are all in place. The M Train, BQE, and LIE put this site within minutes of Midtown Manhattan and the broader metro area, making it equally attractive to end-users and institutional capital.
Offered at $2, 750, 000. Offering Memorandum available upon request.
Features
- Town: Queens
- Cooling: Unknown Type
- Levels: 5
- Rooms: 12
- Bedrooms: 30
- Baths: 20 full / 1 half
- Laundry: None
- Year Built: 1901
- Pet Policy: No Pets
- Built Size: 28'x60'
- OLR#: RLS20089452
- Days on Market: 14 days
- Website: https://www.raveis.com
/prop/RLS20089452/7217grandavenue_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Serhant LLC
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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72-17 Grand Avenue, #DEVSITE, Queens (Woodside), NY, 11378
$2,750,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,200,000 | $2,200,000 | $2,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,491 | $13,546 | $18,565 |
| Total Monthly Payment | $12,616 | $13,671 | $18,690 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535