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The Bayside Square 214-33 41st Avenue Ave 22 Unit Apartment Building $18,888,000 ($858,545/Unit) 6.18% Cap Rate Bayside, NY 11361

Apartment Buildings New York Bayside 214-33 41st Avenue Ave, Bayside, NY 11361

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INVESTMENT HIGHLIGHTS

  • PREMIUM NEW CONSTRUCTION MIXED-USE BUIDLING (2023)
  • PENDING 421A TAX ABATEMENT
  • 22 TOTAL UNITS: 18 RESIDENTIAL (13 MARKET + 5 AFFORDABLE), 2 GROUND FLOOR RETAIL, 1 COMMUNITY FACILITY, 1 GARAGE WITH UP TO 42 SPACES
  • 65% LEASED OFFERING SIGNIFICANT IN-PLACE CASH FLOW

EXECUTIVE SUMMARY

B6 Real Estate Advisors & Luxian International Realty have been retained on a co-exclusive basis to arrange for the sale of 214-33 41st Avenue & 40-12 214 Place (the "Property"). The Property is a premium new construction mixed-use asset in Bayside, Queens. The Property features 18 residential apartments (13 Market-Rate + 5 Affordable), 2 ground-floor retail units, a community facility and garage for parking.

ATTACHMENTS

Bayside Square-214-33 41st Ave-Setup

PROPERTY FACTS

Price $18,888,000 Building Class B
Price Per Unit $858,545 Lot Size 0.10 AC
Sale Type Investment Building Size 36,324 SF
Cap Rate 6.18% Average Occupancy 65%
No. Units 22 No. Stories 5
Property Type Multifamily Year Built 2023
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Parking Ratio 1.16/1,000 SF
Apartment Style Mid-Rise
Zoning R6B / C1-2 / R4
Price $18,888,000
Price Per Unit $858,545
Sale Type Investment
Cap Rate 6.18%
No. Units 22
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 0.10 AC
Building Size 36,324 SF
Average Occupancy 65%
No. Stories 5
Year Built 2023
Parking Ratio 1.16/1,000 SF
Zoning R6B / C1-2 / R4

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Washer/Dryer
  • Hardwood Floors
  • Stainless Steel Appliances

SITE AMENITIES

  • 24 Hour Access
  • On-Site Retail
  • Roof Terrace
  • Bicycle Storage
  • Elevator
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 1 - -

LINKS

1 1
Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
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What is a Walk Score®
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of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06288-0035
  • 06288-0029
 Improvements Assessment $2,045,610
Land Assessment $473,202 Total Assessment $2,518,812

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06288-0035
  • 06288-0029
Land Assessment
$473,202
Improvements Assessment
$2,045,610
Total Assessment
$2,518,812
(646) 933-2677

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 36841693

  • Date on Market: 7/21/2025

  • Last Updated:

  • Address: 214-33 41st Avenue Ave, Bayside, NY 11361

More public record information on 214-33 41st Avenue Ave, Bayside, NY 11361

The Multifamily Property at 214-33 41st Avenue Ave, Bayside, NY 11361 is currently available for Sale. Contact B6 Real Estate Advisors LLC for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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The Bayside Square | 214-33 41st Avenue Ave
(646) 933-2677 x

The Bayside Square | 214-33 41st Avenue Ave

Alex Woodlief
(646) 933-2677

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