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150-20 12th Rd 3 Unit Apartment Building $2,200,000 ($733,333/Unit) 6% Cap Rate Flushing, NY 11357
Investment Highlights
- Brand new construction, anticipated delivery is the end of Quarter 4, 2024.
- The location is excellent, close to schools, supermarkets, restaurants, and more.
- The commercial property benefits from ICAP tax abatement.
Executive Summary
This brand new MIX-USE building is located in the bustling commercial district of Whitestone! One retail store + 2 families! The commercial store benefits from ICAP tax abatement. Each buildings size are approximately sized 20ft x 70ft, featuring three floors plus a 10-13' ft basement with a separate entrance. The first floor is a commercial storefront, while the second and third floors are residential units total 2 families. The residential layout includes three bedrooms and one bathroom, with the second floor having a large terrace and the third floor a balcony. The retail space on the ground floor faces the street and spans approximately 20 x 70 feet, including a private restroom. The location is excellent, close to schools, supermarkets, restaurants, and more. There are 4 buildings available, all under construction phase; estimated delivery time at end of 2024. $2,200,000 per building.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Property Taxes
| Parcel Number | 04518-0015 | Improvements Assessment | $0 |
| Land Assessment | $46,560 | Total Assessment | $26,820 |
Property Taxes
Parcel Number
04518-0015
Land Assessment
$46,560
Improvements Assessment
$0
Total Assessment
$26,820
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150-20 12th Rd
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