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13909 34th Ave 7 Unit Apartment Building $2,990,000 ($427,143/Unit) 4.01% Cap Rate Flushing, NY 11354

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Executive Summary

16-Year New Legal 7-Family brick building in very convenient neighborhood of downtown Flushing. R6 zone. Walk to public transportation hub in downtown Flushing (buses, LIRR, 7-train) and Northern Blvd and Union Street, with bustling shops, restaurants and supermarkets. 2 private parking spaces with private driveway. Front and rear balconies on 2nd, 3rd and 4th floors. High ceiling basement with common laundry facility. 8 gas and electrical meters. Tenant pays all utilities. Great Investments.

139-07 139-09 139-11 34th Ave Rent Roll

Property Facts

Price	$2,990,000	Building Class	B
Price Per Unit	$427,143	Lot Size	0.05 AC
Sale Type	Investment	Building Size	5,002 SF
Cap Rate	4.01%	Average Occupancy	100%
No. Units	7	No. Stories	4
Property Type	Multifamily	Year Built	2008
Property Subtype	Apartment Multifamily Apartments	Parking Ratio	0.29/1,000 SF
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R6/C-1 - medium-density residential district in NYC

Price	$2,990,000
Price Per Unit	$427,143
Sale Type	Investment
Cap Rate	4.01%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.05 AC
Building Size	5,002 SF
Average Occupancy	100%
No. Stories	4
Year Built	2008
Parking Ratio	0.29/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R6/C-1 - medium-density residential district in NYC