99-15 37th Ave

The lot is currently a two family as the basement not legal residence at present. Two car garage, detached in rear of property accessible by a shared driveway. House fronts 37th Avenue, a major retail corridor. Present house does not have a retail space. Property is zoned C1-4/R6B and lot is 2500 square ft with buildable to 5000 FAR 2

The property could also be brought up to modern standards with a refresh of kitchens and bathrooms, paint and refresh floors. Additional egress to basement, and renovations to make additional apartment for a three family home is possible, with approved permits, consult with an architect. Two floors above have three bedrooms, eat in kitchen, bath, and living room. Basement apartment has two rooms and small room that could also be an office. Two car garage in rear is in excellent condition as well. Rents in the area are averaging at $2600 for a three bedroom, and $2257 for a two bedroom. On the corner of the block there is a new apartment building under construction, which will have new apartments for rent and or possible condos for sale. The area is undergoing a shift as new retail is moving into the area. The neighborhood has easy access to the 7 Train which connects to major station at Jackson Heights Roosevelt and connection to Express E and F trains as well as Express 7 makes the commute to midtown less than 45 minutes.