Marcus & Millichap - Tri Borough Multi-Family

6953-6957 Grand Avenue Queens

NY

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Price: $4,575,000
Building Size: 9,540 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Matthew(dotted)Fotis(at)marcusmillichap(dotted)com
Tyler Schadt
Tel: 212-430-5207
Tyler Schadt@marcusmillichap.com
Property Status: Active
Description:

69-53, 69-55 & 69-57 Grand Avenue is located between 69th Lane & 69th Place on the border of the Maspeth and Elmhurst neighborhoods of Queens, New York. The property holds three – 3 story, mixed use properties that total 11 residential units and one retail space that is currently occupied by Chase Bank. Each building is built 20 ft x 53 ft and they sit on a combined 60 ft x 99 ft lot with a total of 9,540 rentable square feet. There are 2,340 square feet of available air rights. The property is zoned C1-2/R6B. (Block:2501 Lot:35, 37)

69-53 Grand Avenue is a three story building composed of one ground floor retail space that is combined with 69-55 & 69-57 and four 1-bedroom apartments on each of the floors above.

69-55 Grand Avenue is a three story building composed of one ground floor retail space that is combined with 69-53 & 69-57 and two 1-bedroom apartments on the second floor and one 3-bedroom apartment on the third floor.

69-57 Grand Avenue is a three story building composed of one ground floor retail space that is combined with 69-53 & 69-55 and four 1-bedroom apartments on each of the floors above.

This property offers investors the rare opportunity to purchase three contiguous mixed use buildings with 60 feet of retail frontage on Grand Avenue leased to Chase Bank and eleven apartments with a low average rent located on the border of the Maspeth and Elmhurst neighborhoods of Queens, NY.