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7007 Grand Ave
Maspeth, NY 11378

7007 Grand Ave, Maspeth, NY 11378 · Retail Property For Sale

Executive Summary

Prime Investment Opportunity - Can be combined with 7009 Grand Ave. Discover a lucrative investment, a 2-story mixed-use building perfectly situated in a high-traffic location. This property features: Ground Floor: Fully leased to a thriving mini market/grocery store, providing stable income from a NNN tenant. Second Floor: Two recently renovated 2-bedroom residential units, offering modern finishes and strong rental demand. With a gross opening income of $90,000, this property combines reliable cash flow with long-term appreciation potential. The mixed-use configuration provides a diversified income streams and an excellent hedge against marketing fluctuations. Don’t miss this chance to own a turnkey property in a sought-after location. Perfect for seasoned investors or those looking to grow their portfolio.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
1,140 SF
Year Built
1901
Price
£1,465,347
Price Per SF
£1,285
Net Initial Yield
4.32%
NOI
£63,366
Percent Leased
100%
Number of Floors
2
Zoning
R6B, C1-2
 

  • Listing ID: 34175209

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 7007 Grand Ave, Maspeth, NY 11378

The Retail Property at 7007 Grand Ave, Maspeth, NY 11378 is currently available for sale. Contact eXp Realty for more information.

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