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2530 Broadway
Long Island City, NY 11106

$4,500,000 USD

Storefront Retail Residential For Sale  •  6,500 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 6,500 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1988
  • Cap Rate 6.00 %
  • Tenancy Multiple
  • Zoning C1-4/R6A
100 Transit Score
97 Walk Score

Description

3 Story Commercial brick building on 26x100 lot.  1988 built.  
1 Restaurant ... divided into 2 restaurants ... month to month lease
Second and third floor are apartments, (Income $5900 per month on 2nd floor, $6600 per month on 3rd floor)
Both floors are large apartment:  5 Bedrooms + 2 bathroom for each apartment.  
100% Free Market.  
Street parking with meters ... 
Busy pedestrian traffic.  Zone  C1-4/R6A.  
7800 buildable SQ FT ... allow to add one more floor
Lots of great potential.  
Exciting with the arrival of new completed buildings nearby will boost the local business and increase real estate value. 
Great Opportunity to get in now.

Please call exclusive broker 
Hotel Real Estate Group
Simon Lou
President / CEO
Phone: 917 328 3611
Email: Hotel107@aol.com 

Or 

Jack Poon
Agent
Phone: 917 915 0674
Email: Pwc11363@gmail.com

Highlights

Heavy day time foot traffic
Minutes walking to W and N subway; 15 minutes ride to Manhattan
Minutes walking to all the great restaurants and bars.
100% Free Market
New upscale buildings nearby

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $264,200 USD (2023)
Cap Rate: 6.00 %
Total Expenses: $30,800 USD

Amenities

  • Restaurant

Public Transportation

Commuter RailDriveWalkDistance
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road) 7 min - 2.0 mi
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) 4 min - 2.2 mi
Transit/SubwayDriveWalkDistance
Broadway (N Line) (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 0 min 2 min 0.1 mi
30 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 1 min 10 min 0.5 mi
36 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 1 min 10 min 0.6 mi
Steinway Street (E - New York MTA Subway (The Subway), G - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
36 Street (E,G,R Line) (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Laguardia 9 min - 3.5 mi
John F Kennedy International 22 min - 14.8 mi
Newark Liberty International 28 min - 18.6 mi
Simon Lou 917-328-3611 Hotel Real Estate Group
Simon Lou 917-328-3611 Hotel Real Estate Group