Check Availability
$2,999,999
House - In Contract

17-01 Gates Avenue

Flushing, NY 11385
bedrooms
Studio
bathrooms
0 Bath
$14,731
Estimated Monthly
$0
HOA / Fees

About This Property

In a 'Renters Haven' off the corner of Gates Avenue, we have a Once In A Long Time Opportunity for Easy Investment Income IN A 78 FOOT LONG BUILDING! This is a 5 FAMILY BUILDING...NOT Rent Controlled/NOT Rent Stabilized. FREE MARKET, WITH STOREFRONT (All Renters are Working Professionals.). About 1,950 SQFT per floor (Building Size is 25X78). 78 FEET LONG - Location, Location, Location... a 5 Minute Walking Distance to the M/L Subway, Multiple Buses, and Anything a Renter Desires. - Surrounded by eateries and nighttime entertainment! - and ONLY a 5 Minute Walk to the Subway (M/L Line) Built-in 1930, 17-01 Gates Avenue is a MASSIVE 15 Bedroom/ 6 Bathroom Mixed Use MultiFamily Located in the Heart of Ridgewood...Only a skip away from Bushwick. This 5 Family Home is R6B Zoning (FAR: 2), which allows the potential for 1 more floor for EVEN MORE Rental Revenue. Ridgewood is a Desirable place to call home for many of your potential renters because of the convenience to the City, the Parks, and the Shops and Eateries that run along almost all of its busy streets as well as the wave of an art scene that has been moving in. In a neighborhood where everyone walks or rides a bike, Ridgewood is a Renters Favorite Pick...did I mention that there is a 1 Car Garage for that Buyer who wants to call one of these apartments Home!!! Building Layout: First Floor: (1) 3 Bedroom BOXED unit with Lots of Natural Sunlight & (1) Storefront Floor Two: (2) 3-Bedroom BOXED Units with Eat-in Kitchens Floor Three: (2) 3-Bedroom BOXED Units with Eat-in Kitchens ROOF IS A WALK-OUT AND IS IN EXCELLENT CONDITION! 1 CAR GARAGE! Other Fantastic Details that make this your next purchase : Lot: 25 ? 100 Building: 25 ? 78 Building Class: 5-6 Families NOT RENT-CONTROLLED/ NOT RENT STABILIZED LOCATED IN A RENTERS' HAVEN Tall Ceilings Taxes: $20,120 Total Annual Rental Income: $147,336 COMES WITH ONE CAR GARAGE! GREAT FOR AN END USER AS WELL AS INVESTOR.
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1930
Listed By
Amberly Sclar
New York Realty Minimax Inc
Thony Revelo
New York Realty Minimax Inc
Last updated: 26 days ago (OneKey MLS #ONE3470616)

Price History

Date / Event Date Event Price
Jul 7, 2023 In contract -
In contract
Apr 12, 2023 Listed by New York Realty Minimax Inc $2,999,999
Listed by New York Realty Minimax Inc

Property Highlights

Exterior Details

Property Information

Square Footage : 7800
Property Type: Business Opportunity
Property Sub Type: Mixed Use

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.06
Lot Size Square Feet: 2500
Lot Size Dimensions: 25x100
Location Details
Directions: WAZE
County or Parish: Queens

Building Info

Overview

    General

  • Year Built: 1930
  • Building Count: 2
  • Floor Count: 3
  • Total Unit Count: 6
  • Residential Unit Count: 5
  • Basement Type: 5

    Dimensions

  • Lot Area Sqft: 2,500
  • Lot Size Depth Feet: 100
  • Lot Size Frontage Feet: 25
  • Building Depth: 78
  • Building Frontage: 25
  • Gross Building Area: 5,850

    Building Floor Area

  • Residential Building Floor Area: 3,900
  • Commercial Building Floor Area: 1,950
  • Retail Building Floor Area: 1,950

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: S5
  • Lot Type: 3
  • Land Use: 04
  • Irregular Lot Code: N
  • Extension Code: G

Neighborhood

  • Community District: 405
  • City Council District: 34
  • Police Precinct: 104
  • Fire Company: L140
  • Health Area: 2200
  • Sanitation District Borough: 4
  • Sanitation Subsection: 3C
  • School District: 24

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6B

Geography

  • Borough Name: QN
  • Borough Code: 4
  • Block: 3452
  • Lot: 1
  • Borough Block Lot: 4034520001

    Address

  • Full Address: 1701 Gates Avenue
  • Zip Code: 11385

Valuation

    Assessments Valuation

  • Assessed Total Value: $270,450
  • Assessed Land Value: $10,800

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
4 Baths
-
$2,500,000 Oct 7, 2021
$2,500,000 Apr 6, 2022
-
Commercial
Loft
-
-
$2,835,000 Jan 10, 2020
$2,835,000 Nov 13, 2020
$1,224/mo
Commercial
Loft
-
-
$2,500,000 Mar 17, 2022
$2,500,000 Aug 19, 2022
$1,289/mo
Commercial
Loft
-
-
$2,749,000 Nov 22, 2022
$2,749,000 Jun 28, 2023
-
Commercial
Loft
-
-
$3,150,000 Sep 27, 2021
$3,150,000 May 5, 2022
-
Commercial
Loft
-
-
$2,525,000 Nov 12, 2021
$2,525,000 Apr 12, 2022
-
Commercial
Loft
-
-
$2,800,000 Apr 17, 2023
-
$1,213/mo
Commercial
Loft
-
5,000 ft²
$680/ft²
$3,399,000 Sep 25, 2022
-
$1,224/mo
Commercial
Loft
-
-
$2,500,000 Dec 6, 2022
-
-
Commercial
Loft
-
-
$3,500,000 Jun 13, 2023
-
$2,523/mo
Multifamily
Stu
-
-
$2,400,000 May 18, 2023
-
$1,967/mo
Multifamily
12 Beds
6 Baths
-
$2,990,000 Aug 28, 2022
-
$1,331/mo

About Northwestern Queens


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Frequently Asked Questions

When was property at 17-01 Gates Avenue built and last sold?
The property at 17-01 Gates Avenue was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 17-01 Gates Avenue is $3,029,999.
What are some comparable homes to 17-01 Gates Avenue?
Homes that are comparable to 17-01 Gates Avenue include a commercial property at 253 St Nicholas Avenue, 1814 Putnam Avenue, 144 Wyckoff Avenue.

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