Log In/Sign Up
Your email has been sent.
132-18 57th Rd 8 Unit Apartment Building $1,948,000 ($243,500/Unit) 5% Cap Rate Flushing, NY 11355
Investment Highlights
- Rare 8-Unit Free-Market Multifamily Investment in a prime Flushing location
- Unit Mix: Seven 1-Bedroom / 1-Bath Apartments + One Studio
- High Basement offering additional functional space
- 100% Free-Market Units – providing flexibility for future rental growth
- Lot Size: Approx. 40' × 100' / Building Size: Approx. 24' x 55' (5,280 SF)
- Separate Boilers & Gas Meters for Each Apartment
Executive Summary
Rare 8-Unit Free-Market Multifamily Investment in Prime Flushing. Lot 40x100, building 24X55 (5280 sqft) Exceptional investment opportunity featuring a fully free-market 8-unit multifamily building with seven 1-bedroom/1-bath apartments, one studio apartment, and a high basement. Stable income with excellent upside potential. Each apartment has separate boilers, gas meters, and tenants pay their own utitlies. . Conveniently located minutes from Downtown Flushing, near shopping, restaurants, banks, SkyFoods Supermarket, Queens Botanical Garden, and Kissena Park. Excellent transportation with easy access to the 7 train, Murray Hill LIRR Station, Q25, Q34, Q44 SBS, Q65 bus lines, and the Long Island Expressway (I-495). A rare opportunity for investors seeking a well-located income-producing property with long-term growth potential. Suitable for a 1031 exchange.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,948,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $243,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5% | Building Size | 5,280 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | ||
| Zoning | R4 Queens | ||
| Price | $1,948,000 |
| Price Per Unit | $243,500 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,280 SF |
| No. Stories | 4 |
| Year Built | 1986 |
| Zoning | R4 Queens |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| Studios | 1 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 06359-0008 | Total Assessment | $324,000 |
| Land Assessment | $7,239 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $316,761 | Tax Year | 2026 |
Property Taxes
Parcel Number
06359-0008
Land Assessment
$7,239
Improvements Assessment
$316,761
Total Assessment
$324,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
132-18 57th Rd