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13225 Pople Ave
Flushing, NY 11355
Multifamily Property For Sale
·
15 Units
Executive Summary
Offered at $7,780,000, this fully occupied seven story elevator mixed use building presents a compelling investment opportunity in the heart of Downtown Flushing. The property contains a total of 15 units, including 14 residential apartments and one community facility, along with seven onsite parking spaces. Residential units consist of thirteen two-bedroom apartments and one studio, totaling 26 bedrooms, 26 bathrooms, and 14 kitchens.
Constructed in 2009, the building features individual boilers, electric meters, and hot water heaters for each unit, providing efficient operations and reduced owner expense exposure. Additional amenities include a private driveway and lower-level parking.
The community facility features dramatic two-story ceiling heights and adds strong income diversification. The property is located just half a block from College Point Boulevard and is surrounded by extensive shopping, dining, and public transportation options. With an approximate cap rate of 5.3 percent and pricing near $350 per square foot, the asset offers excellent potential as a long-term rental hold or future condominium conversion.
Detailed income and expense reports are available upon request. Buyer to independently verify all information. Sale subject to seller completing a 1031 exchange. Showings by appointment only.
Constructed in 2009, the building features individual boilers, electric meters, and hot water heaters for each unit, providing efficient operations and reduced owner expense exposure. Additional amenities include a private driveway and lower-level parking.
The community facility features dramatic two-story ceiling heights and adds strong income diversification. The property is located just half a block from College Point Boulevard and is surrounded by extensive shopping, dining, and public transportation options. With an approximate cap rate of 5.3 percent and pricing near $350 per square foot, the asset offers excellent potential as a long-term rental hold or future condominium conversion.
Detailed income and expense reports are available upon request. Buyer to independently verify all information. Sale subject to seller completing a 1031 exchange. Showings by appointment only.
Property Facts
| Price Per Unit | $518,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.30% | Building Size | 22,133 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 8% |
| No. Units | 15 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 0.32/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $518,667 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Sale Condition | 1031 Exchange |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 22,133 SF |
| Average Occupancy | 8% |
| No. Stories | 6 |
| Year Built | 2006 |
| Parking Ratio | 0.32/1,000 SF |
| Zoning | R6 - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
Property Taxes
| Parcel Number | 05102-0052 | Improvements Assessment | $650,220 |
| Land Assessment | $199,350 | Total Assessment | $849,570 |
Property Taxes
Parcel Number
05102-0052
Land Assessment
$199,350
Improvements Assessment
$650,220
Total Assessment
$849,570
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