53-68 Metropolitan AveQueens, NY 11385

For Sale
$1,998,000

Legal Triplex, Huge Lot, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Queens investment property presents a rare opportunity. The legal three-family brick building boasts 2,240 square feet, situated on an expansive 85' x 104' lot. The property features a full finished basement, adding significant usable space. Ample parking is provided with a three-car garage and an additional seven parking spaces, totaling ten spaces. The building is a two-story structure with three units, each currently priced at $666,000. The asking price for the entire property is $1,998,000, translating to $891.96 per square foot. The R6B zoning, coupled with a C2-4 commercial overlay, unlocks significant development potential, allowing for a mixed-use conversion (buyer to verify zoning allowances). This property is ideal for both seasoned investors and those seeking a high-return venture. With its prime location at 53-68 Metropolitan Ave, Queens, NY 11385, and substantial air rights of 2,964 square feet, this property offers exceptional upside. This is a truly unique opportunity to acquire a multifamily property with significant development potential in a desirable Queens location.

Highlights

  • Three-family brick building, 2,240 sq ft, on an 85' x 104' lot.
  • Full finished basement adds significant usable space.
  • Ten parking spaces (seven spaces plus a three-car garage).
  • R6B zoning with C2-4 commercial overlay allows for mixed-use development (buyer to verify).
  • Asking price: $1,998,000 ($891.96/sq ft).

Property Details for 53-68 Metropolitan Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
2,240 SF
Buildings
1
Stories
2
Units
3

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.713209992001
Longitude
-73.910804381883
53-68 Metropolitan Ave, Queens, New York

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53-68 Metropolitan Ave
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