65-17 68th Avenue, Queens (Ridgewood), NY, 11385 | $4,528,000

Newly Renovated Corner Industrial Warehouse For Sale! A newly renovated industrial warehouse on the corner of a uniquely quiet street in the established neighborhood of Glendale, Queens. Currently used for commercial carpentry and manufacturing and office space, with a max ceiling height of 16FT (ceiling height under beams measure at 13FT) this space can serve various business types including but not limited to manufacturing and light assembly facilities, repair facilities, storage and distribution, general warehouse, showroom and much more! Moreover, a small basement storage space, accessible via sidewalk cellar doors, allows for additional storage. Specifically, this property has two individual warehouses separated by a fully renovated office space complete with cubicles, private offices and a break room. The office space is directly connected to the right side warehouse space while the left side warehouse space is a stand alone. All office furniture and build outs will remain. CO Use: M1 Lot Dimensions: 100 x 100 ft Square Footage: 9, 600 (existing) Taxes: $43, 342/Yr Unused FAR: 4, 300 SQ. FT. Key Points ? Various manufacturing equipment included in sale! ? Opportunity to build an additional story! ? Electrical, HVAC, plumbing, sprinkler plans and survey available upon request! The site is located 3. 5 blocks from the Fresh Pond M subway stop and the B13/B20 bus stop. Approximately 2 miles from the Long Island Expy and Jackie Robinson Pkwy gives you ample access to both Manhattan to the west and Long Island to the east. The property benefits from close proximity to multiple high-traffic areas including: Myrtle Ave, Metropolitan Ave, Catalpa Ave, Cooper Ave and other high commercial areas. This property presents a perfect opportunity for an industrial or warehouse occupant to take advantage of Queens' multifaceted commercial locations. Amazing Opportunity! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

Features

  • Town: Queens
  • Property Type: Warehouse
  • Current Use: Industrial, Warehouse
  • Levels: 1
  • Zoning: R5B
  • Year Built: 1930
  • Acreage: 0.23
  • Est. Taxes: $43,342
  • MLS#: 3585060
  • Days on Market: 41 days
  • Website: https://www.raveis.com
    /prop/3585060/651768thavenue_queens_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Capri Jet Realty Corp   Phone: 718-388-2188

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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65-17 68th Avenue, Queens (Ridgewood), NY, 11385

$4,528,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,622,400 $3,622,400 $3,622,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $3,612 $3,612 $3,612
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $20,568 $22,599 $30,324
Total Monthly Payment $24,305 $26,336 $34,061

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.