Overview

Description

Presenting a rare opportunity to acquire two elevator buildings and two vacant lots located at the northwest and southwest corners of 66th Avenue and Booth Street in the Rego Park neighborhood of Queens.

There are 131 total units. The packaged properties consist of 29 studio, 71 one-bed, 28 two-bed, 2 super's units, a medical office with a separate entrance and two vacant lots.

Local amenities include ample shopping, dining, entertainment and transportation options along the Queens Boulevard corridor which includes an 'under 10 minute' walk to the nearest MTA station (E, M & R) at 63rd Drive and Queens Boulevard.

Additionally, there are two major shopping malls with 10-20 minutes walking distance from the subject property - The Queens Center and The Rego Center. With over 2.1M SF of combined retail space, notable tenants in these two shopping malls include: Aldi, Macy's, JC Penny, Costco, Apple, Old Navy and Marshalls.

As of 2021 census data (as reported by censusreporter.org), the Median household income in this area was $88,917 and the mean travel time to work for residents was 43 minutes.

96-09 66th Avenue features: 2 steel and marble stairwells, terrazzo floors, a compactor room, all new gas lines, 1987 oil boiler (#4), 3,000 gallon above ground oil tank, fuses and breakers in units, cartridges in basement, a brand new backflow prevention and dual water accelerator pump, a rubber roof in good condition plus one elevator with a newer cab, analog controls and a hydraulic system.

65-84 Booth Street features: additional half baths in select lines, a steel and marble stairwell, terrazzo floors, a functioning compactor room with chute,1987 oil boiler (#4), 3000 gallon above ground oil tank, heat timer, circuit breakers in basement, all replacement windows, mostly brass plumbing, a rubber roof in good condition plus one elevator with
analog controls and a hydraulic system.

Each building includes a four washer and four dryer card operated laundry setup (16 total machines) managed by Hercules Corp.

Documents

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