The real estate boom in Queens continues to reach astronomical levels, as a three-story, mixed-use facility in Woodhaven is currently on sale for $1.4 million.
On the first floor of the building located at 83-87 Woodhaven Blvd. there is a 1,058-square-foot medical facility with a four-car parking lot, and a pair of three-bedroom apartments on the top two floors.
In total, the building is 3,174 square feet, sits on an approximately 2,448-square-foot lot in an R5 Zone. It is located directly across the street from Forest Park and is near several bus lines and the J train at the Woodhaven Boulevard station.
Greiner-Maltz Investment Properties, the real estate company responsible for selling the property, estimates that each apartment unit could bring in the new owner $2,000 a month ($24,000 a year), while the office space can garner $4,000 a month ($48,000 a year), while the parking spaces can earn $800 a month ($9,600 a year).