69-23 62 Drive, Middle Village, NY, 11379
$2,050,000
Townhouse
For Sale
3 Beds
, 4 Full Bath
, 3 Half Bath
, 2500 SqFt
Details
ML#: 861768
- Style: Modern
- Year Built: 1930
- Taxes: $22,975
- Status:Active
Description
Investor opportunity in the heart of Middle Village! This fully renovated, mixed-use brick property at 69-23 62nd Drive offers strong cash flow and long-term upside with minimal maintenance. The building features two residential units and two professional office spaces, all separately metered and in excellent condition. One of the residential units is currently vacant and ready for occupancy, while the second-floor 2-bedroom, 2-bathroom duplex is leased through late 2025. The rear commercial spaces are fully occupied by long-term professional tenants with leases extending through 2027 and 2028. The combined gross rental income is approximately $11, 500 per month, offering a solid return on investment. The commercial space totals roughly 2, 300 square feet and features 13 ceilings on the ground level, two ADA bathrooms, 9 ceilings on the lower level, skylights, and central heating and cooling ideal for medical, office, or studio use. Operating expenses are minimal, with water and sewer charges around $1, 600/year, property insurance approximately $5, 000/year, and property taxes at $22, 975/year. The private parking area is currently used by commercial tenants. This is a new construction building, so no lead paint testing is required. Located near Juniper Valley Park, 69th Street, the M train, LIE, and both LaGuardia and JFK airports, this is an excellent turn-key investment in a prime Middle Village location.
More Property Details
Bedroom: 3
Full Bath: 4
Half Bath: 3
Lot Sq Ft: 2084
Approx. Int. Sq. Ft.: 2500.00
Parking Spaces: Yes
Parking Spaces: 2
Heat: Ducts, Electric, Forced Air, Hot Water, Natural Gas
A/C: Central Air, Ductless
Water: Public
Sewer: Shared
Taxes: $22,975
School District: Ps 128 Lorraine Tuzzo-Juniper Valley
Block: 02952
Lot: 0032
Listing Information provided courtesy of
Crifasi Real Estate Inc
718-782-4411