by RH Advisors

See Home Value
$2,999,888
Multifamily - Off Market

1701 Gates Avenue

Flushing, NY 11385
bedrooms
15 Beds
bathrooms
6 Baths
$3,220,030
RealtyHop Estimate
7.34%
Since Nov 1, 2022
NY-New York
Primary Model

About This Property

In a 'Renters Haven' off the corner of Gates Avenue, we have an 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  CAN BE DELIVERED VACANT!  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 PROJECTED RENTAL INCOME $231,000! 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
Multifamily
Property Taxes
$1,677
HOA Dues
-
Year Built
1930
Last updated: 2 years ago (OneKey MLS #3434813)

Price History

Date / Event Date Event Price
Mar 22, 2023 No longer available -
No longer available
Oct 4, 2022 Listed by New York Realty Minimax Inc $2,999,888
Listed by New York Realty Minimax Inc

Property Highlights

Garage
Interior Details

Bathroom Information

Full Bathrooms: 6

Interior Information

Interior Features: 1st Floor Bedrm, Eat-in Kitchen, Formal Dining Room, Home Office, Living Room / Dining Room, Pantry
Flooring Type: Hardwood

Room Information

Rooms: 31

Basement Information

Basement: Partial, Walk-Out Access
Exterior Details

Property Information

Has Property Attached
Square Footage: 7800
Square Footage Source: $0
Green Sustainability

Building Information

Levels: Three Or More
Building Area Units: Square Feet
Construction Materials: Brick

Lot Information

Lot Features: Corner Lot, Near Public Transit
Lot Size Area: 0.06
Lot Size Units: Acres
Lot Size Acres: 0.06

Land Information

Water Source: Public


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
12 Beds
11 Baths
-
$2,750,000 Dec 15, 2021
$2,750,000 Jul 22, 2022
$1,301/mo
Multifamily
8 Beds
4 Baths
-
$2,575,000 Jun 29, 2023
$2,575,000 Jan 29, 2024
$1,287/mo
Multifamily
20 Beds
14 Baths
-
$2,890,000 Jun 12, 2019
$2,890,000 Sep 4, 2019
$1,142/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
-
Multifamily
16 Beds
8 Baths
-
$2,500,000 May 9, 2022
-
$340/mo
Multifamily
8 Beds
4 Baths
-
$2,720,000 Sep 29, 2020
-
$1,257/mo
Multifamily
Stu
10 Baths
-
$3,475,000 Sep 28, 2023
-
-
House
Stu
-
-
$2,999,999 Apr 12, 2023
-
-
House
Stu
-
-
$2,999,000 Oct 2, 2023
-
$452/mo
House
Stu
-
-
$2,998,000 Nov 16, 2023
-
$2,617/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221004
10/04/2022
15 Bed
6 Bath
-
$2,999,888
bedrooms
15 Bed
bathrooms
6 Bath
-
-
-
Thony Revelo
New York Realty Minimax Inc
20210831
08/31/2021
Loft
-
-
$2,990,000
bedrooms
Loft
bathrooms
-
-
-
-
Sida Zhuoma
Charles Rutenberg Realty, Inc.
20200308
03/08/2020
Loft
-
-
$3,598,800
bedrooms
Loft
bathrooms
-
-
-
-
Steven Bezmen
Douglas Elliman Real Estate

Building Info

1701 Gates Avenue 1701 Gates Avenue, Ridgewood, NY 11385
  • 6 Units
More about this Building
1701 Gates Avenue
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About Northwestern Queens


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