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[PublicRemarks] => Welcome to a rare opportunity in the heart of the highly coveted Astoria/Long Island City area. We are excited to present this prime new development site, featuring an existing mixed-use building that is now available for sale. This double lot property offers a wide range of possibilities for both investors and developers. You have the option to continue reaping the benefits of the current building's rental income or to take advantage of the untapped potential by constructing a brand new residential building of up to 13 units.
Lot A boasts a 22x100 lot with an existing mixed-use building that includes a commercial space on the bottom and two rental units on top, offering a total of approximately 2,200 square feet of space. The building size is 22x53. Lot B is currently being used as parking and storage, and the lot size is 25x100. Combined, both lots have a generous 47x100 dimension and an FAR 2 with R6B zoning, providing up to 9,400 buildable square feet.
The potential to create something truly special in one of NYC's most desirable neighborhoods is endless with this rare opportunity. Whether you choose to invest in the existing mixed-use building or build a new residential development, you'll enjoy all the advantages of owning a property in a prime location with close proximity to restaurants, bars, cafes, and other amenities.
Our team is dedicated to helping you make the most of this opportunity. We can provide you with detailed
building set-up and pro forma upon request. Contact now to learn more about this exceptional
opportunity!
*The information provided is deemed reliable but not guaranteed, including square footage, dimensions, zoning, income figures etc. All data should be independently verified. Keller Williams NYC assumes no liability for errors or omissions. Prospective buyers and investors are encouraged to consult their own legal, financial, and zoning professionals prior to making any decisions.
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[PublicRemarks] => Please Note this is R7 Zoning<br> <br> Package Deal Property + Business for sale <br> <br> The property is located along the Hillside Avenue corridor in Jamaica, Queens, an area known for consistent foot and vehicular traffic. The offering combines income-producing real estate with an operating food and beverage business.<br> <br> BUSINESS OVERVIEW (Included in Sale) <ul> <li>Restaurant and bar business in operation for approximately 35 years under current ownership</li> <li>Liquor service approved on multiple levels (subject to license transfer)</li> <li>Built-out basement bar space, currently not in operation</li> <li>Seller-provided business valuation estimated at $340,000, included in the overall purchase price</li> <li>Business operations, licenses, and financials subject to verification by purchaser</li> </ul> CURRENT INCOME SUMMARY (As Provided by Ownership) <ul> <li>Commercial : $7,000/month (potential) Owned by landlord</li> <li>Residential Units (2): $3,300/month total (reported below prevailing market levels) $2000 per apt is market</li> <li>Basement Bar: $3000 But Currently not producing income</li> </ul> Reported Total Current Income: $12,550/month ($150,600 annually)<br> Income figures are not guaranteed and should be independently verified.<br> <br> POTENTIAL CONSIDERATIONS<br> <br> <ul> <li>Residential rents may be adjusted upon vacancy in accordance with applicable laws</li> <li>Basement bar space may be utilized, subject to reopening, licensing, and operational approvals</li> <li>Business expansion opportunities may include third-party delivery platforms, catering, or private events</li> <li>Branding, menu, and operational changes may be explored at purchaser's discretion</li> </ul> COMPARABLE SALES (Hillside Avenue - Approximate) <ul> <li>153-36 Hillside Ave - $1.47M Approx. 2,178 SF</li> <li>182-34 Hillside Ave - $1.645M Approx. 2,475 SF</li> <li>182-34/36 Hillside Ave (Package) - $3.534M Approx. 4,573 SF</li> </ul> Comparable data provided for reference only; not a representation of value.<br> <br> VALUATION CONTEXT (Illustrative Only) Price-per-square-foot ranges on Hillside Avenue have varied based on asset condition, income profile, and market conditions. Any valuation estimates are for discussion purposes only and are not guarantees of market value.<br> <br> CLOSING REMARKS 180-18 Hillside Avenue offers a mixed-use asset with existing income and an operating restaurant business, providing multiple components for a purchaser to evaluate. The property may appeal to investors or owner-operators seeking a combination of residential, commercial, and business use, subject to customary due diligence, approvals, and verification.<br>
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Originally constructed in the late 19th century as part of a distinguished row of Renaissance Revival brownstones, the home retains many of its original features, including intricate moldings, decorative paneling, six fireplaces, and soaring ceiling heights throughout. An elegant stoop entry leads into graciously scaled rooms filled with warmth, character, and historic authenticity.
The house offers an exceptional foundation for customization, presenting a rare chance to create a truly remarkable residence while honoring the integrity of its historic design. A large south-facing garden provides beautiful natural light and a peaceful outdoor retreat rarely found in Manhattan townhouse living.
Perfectly positioned moments from Riverside Park, Central Park, Lincoln Center, and the best of the Upper West Side’s celebrated restaurants, schools, and cultural institutions, 266 West 71st Street represents a rare opportunity to restore and personalize a significant piece of New York architectural history — an elegant townhouse rich with original craftsmanship, scale, and character.
266 West 71st Street presents a rare opportunity to create a magnificent single-family residence in the heart of the Upper West Side. Located within an R8B residential zoning district and currently classified as a hotel (H3), the property offers a unique opportunity for a purchaser to pursue approvals for a single-family certificate of occupancy, creating an exceptional townhouse tailored to their vision.
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Situated along the vibrant Malcolm X Boulevard corridor, the property is surrounded by an ever-growing collection of neighborhood cafés, restaurants, and independent retailers. Local favorites include Saraghina, Peaches, L'Antagoniste, and Casablanca Cocktail Lounge, all contributing to the area's dynamic and highly desirable atmosphere.
Outdoor recreation is close at hand with Fulton Park and Saratoga Park offering green space, athletic facilities, playgrounds, and community programming throughout the year. The property also enjoys convenient access to public transportation, with the A and C subway lines at Utica Avenue and the J train at Halsey Street providing straightforward access to Downtown Brooklyn and Manhattan.
Offering immediate cash flow, long-term appreciation potential, and a prime location in one of Brooklyn's most sought-after neighborhoods, 350 Malcolm X Boulevard presents a rare opportunity for both seasoned investors and 1031 exchange buyers alike. Please contact us directly for a full setup of the property.
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[PublicRemarks] => Welcome to a rare opportunity in the heart of the highly coveted Astoria/Long Island City area. We are excited to present this prime new development site, featuring an existing mixed-use building that is now available for sale. This double lot property offers a wide range of possibilities for both investors and developers. You have the option to continue reaping the benefits of the current building's rental income or to take advantage of the untapped potential by constructing a brand new residential building of up to 13 units.
Lot A boasts a 22x100 lot with an existing mixed-use building that includes a commercial space on the bottom and two rental units on top, offering a total of approximately 2,200 square feet of space. The building size is 22x53. Lot B is currently being used as parking and storage, and the lot size is 25x100. Combined, both lots have a generous 47x100 dimension and an FAR 2 with R6B zoning, providing up to 9,400 buildable square feet.
The potential to create something truly special in one of NYC's most desirable neighborhoods is endless with this rare opportunity. Whether you choose to invest in the existing mixed-use building or build a new residential development, you'll enjoy all the advantages of owning a property in a prime location with close proximity to restaurants, bars, cafes, and other amenities.
Our team is dedicated to helping you make the most of this opportunity. We can provide you with detailed
building set-up and pro forma upon request. Contact now to learn more about this exceptional
opportunity!
*The information provided is deemed reliable but not guaranteed, including square footage, dimensions, zoning, income figures etc. All data should be independently verified. Keller Williams NYC assumes no liability for errors or omissions. Prospective buyers and investors are encouraged to consult their own legal, financial, and zoning professionals prior to making any decisions.
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[PublicRemarks] => <strong> Introducing 697 Grand Street - A 3 story, 8420 SF mixed use building in the heart of thriving East Williamsburg. Boasting over 25' of frontage in this super-prime corridor, the property presents a rare opportunity to acquire a stable, income producing asset, with tremendous upside in its buildability and conversion to free market status. Solid 2005 build with steel & masonry construction, offered in excellent condition, with 4 residential units and 1 commercial space. The apartments are 900SF each, configured as 2 bedroom/1 bath units, with large proportions and modern finishes. Each unit has its own hot water heater, and is individually metered for gas and electric, keeping ownership costs to a minimum. The commercial space runs the full span of the building, with full glass frontage along Grand Street, plus basement and open back lot area. Massive potential with >4500 SF of buildable area, and an ideal setback on the second floor to create. The 421A tax exemption expires in 2033, deregulating the property to free market status, and robust rent growth. Desirable 2A tax class ensures a stable, predictable budget. Exceptional East Williamsburg location, minutes from both Graham Avenue and Grand Street "L" subways, with flourishing residential and commercial development in every direction. Triple-wide sidewalk and protected bike lane directly outside. </strong><br> <br> <strong> INVESTMENT HIGHLIGHTS</strong><br> <strong> Superb Grand Avenue (Graham/Powers St) location with >25' frontage</strong><br> <strong> Built in 2005 with steel/masonry construction</strong><br> <strong> Separate hot water heaters & gas/electric meters for each unit</strong><br> <strong> >4500 buildable SF</strong><br> <strong> 421A Tax abatement expires in 2033</strong><br> <strong> Upside to 6.5% Cap Rate with free market rents</strong><br> <strong> Protected 2A Tax Class<br> <br> <strong> Lot dimensions: 26 ft X 125 ft</strong><br> <strong> Lot SF: 3,238</strong><br> <strong> Building dimensions: 25.83 ft x 96.12 ft</strong><br> <strong> Building SF: 8,420 </strong><br> <strong> Mixed Use Building</strong><br> <strong> 4 Residential Units. 1 Commercial Space</strong><br> <strong> Current FAR: 2.60</strong><br> <strong> FAR: 4</strong><br> <strong> Buildable Area: 4533 SF</strong><br> <br> </strong><br> <br>
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[Basement] => Other
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Situated along the vibrant Malcolm X Boulevard corridor, the property is surrounded by an ever-growing collection of neighborhood cafés, restaurants, and independent retailers. Local favorites include Saraghina, Peaches, L'Antagoniste, and Casablanca Cocktail Lounge, all contributing to the area's dynamic and highly desirable atmosphere.
Outdoor recreation is close at hand with Fulton Park and Saratoga Park offering green space, athletic facilities, playgrounds, and community programming throughout the year. The property also enjoys convenient access to public transportation, with the A and C subway lines at Utica Avenue and the J train at Halsey Street providing straightforward access to Downtown Brooklyn and Manhattan.
Offering immediate cash flow, long-term appreciation potential, and a prime location in one of Brooklyn's most sought-after neighborhoods, 350 Malcolm X Boulevard presents a rare opportunity for both seasoned investors and 1031 exchange buyers alike. Please contact us directly for a full setup of the property.
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