Property Description for 102-01 44th Ave
2 story building with finished lower level, consisting of restaurant/bar/cabaret and separate grocery store, located in the heart of Corona, Queens. Built in 1987 and completely renovated in 2010 (total renovation cost over $1.5 million). Both the grocery and the restaurant/bar/cabaret are occupied. This offering represents a superb opportunity to capitalize on soaring rents and interests in the neighborhood.
*CAN BE DELIVERED VACANT*
Lot Dimensions: 45.4 ft. x 100 ft. (approx.)
Building Dimensions: 45.5 ft. x 61 ft. (approx.)
Stories: 2
Building Square Footage: 7,271 sq/ft (approx.)
Zoning: M1-1
Taxes (16/17): $23,218
Current Cap 4% Projected 7% Cap
For more information contact: Andrew Markowitz 917-548-9533 or John Bizik at 347-285-9814
Photos coming soon