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3536 99th St 8 Unit Apartment Building $1,598,000 ($199,750/Unit) 8.50% Cap Rate Flushing, NY 11368
Executive Summary
Excellent opportunity to own an income-producing property in a high-demand location. Situated on a quiet residential street, this property offers a strong layout with great potential for rental income, appreciation or future improvements.
The building features spacious 1-bedroom units with good natural light, a functional floor plan and very well-maintained building. Conveniently located near public transportation, major roadways, shopping, schools, parks.
Ideal for investors seeking steady cash flow, long term value or a value-add opportunity.
A must-see investment- schedule a private showing today.
The building features spacious 1-bedroom units with good natural light, a functional floor plan and very well-maintained building. Conveniently located near public transportation, major roadways, shopping, schools, parks.
Ideal for investors seeking steady cash flow, long term value or a value-add opportunity.
A must-see investment- schedule a private showing today.
Property Facts
| Price | $1,598,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $199,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.50% | Building Size | 6,295 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | ||
| Zoning | R6B, Queens (C1) - C1 is Commercial Zoning with FAR – 2.0. R6B Zoning has mostly townhouses with FAR – 2.0 or 2.2 With Inclusionary Housing | ||
| Price | $1,598,000 |
| Price Per Unit | $199,750 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,295 SF |
| No. Stories | 4 |
| Year Built | 2007 |
| Zoning | R6B, Queens (C1) - C1 is Commercial Zoning with FAR – 2.0. R6B Zoning has mostly townhouses with FAR – 2.0 or 2.2 With Inclusionary Housing |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 01739-0022 | Improvements Assessment | $551,342 |
| Land Assessment | $7,558 | Total Assessment | $558,900 |
Property Taxes
Parcel Number
01739-0022
Land Assessment
$7,558
Improvements Assessment
$551,342
Total Assessment
$558,900
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Yoo Realty
3536 99th St
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