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$3,185,000
List Price: $3,250,000
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72-17 Grand Avenue
Townhouse in Maspeth •  building info
2bd • 4ba • 6,854ft² $474 per ft²
Buy with Yoreevo

$3,185,000

List Price

$3,250,000

Key Details
Days on market
35
Last price change
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Estimated payment
$16,434/mo
Taxes
N/A
Maintenance
N/A
Description
12,000 sf buildable Development opportunity in Maspeth, Queens on high traffic Grand Avenue. This combination sale is for the 2 story building located at 72-17 Grand Avenue and the adjacent corner lot at 72-19 Grand Avenue. The property at 72-19 Grand Avenue has 2 independent storefronts, 2 apartments above, and a fully finished basement. The oversized L shaped corner lot at 3,154 sq ft has a poured concrete foundation in place that is built to the corner of the block. There is a variance in place that a new building will not require a setback as the foundation is in place. 72-19 Grand Avenue sits on a 3,154' lot with an FAR of 2 in an R6 zone and can be built as of right 6,308' 72-17 Grand Avenue sits on a 2800' lot with an FAR of 2 also R6 which can be built to 5,600' as of right Combined actual is 11,908' First photos show renderings of they type of building that can be built. A good investment move would be to have commercial storefronts at street level with condos, or rental units above. Because of where the property is located on a ridge in Maspeth, the upper floors on the new build will have a panoramic view of the Manhattan skyline. Shown by appointment.

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Important Stuff
Pets allowed
Building info

History
What it'll cost
Purchase price
$3,250,000
Asking Price: $3,250,000
Term
30 Years
Down Payment
$650,000 (20%)
Min: 20% (650,000)
Rate
6.5 %
Mortgage Amount
$2,600,000
Mortgage Payment
$16,434
Taxes
$0
Estimated Yoreevo rebate
$65,000
Estimated closing cost
$119,000
Total monthly cost $16,434
Buy your dream home with us and get an estimated $65,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Brick & Mortar

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