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6714 41st Ave
Woodside, NY 11377
Multifamily Property For Sale
·
88 Units
Executive Summary
Meridian Investment Sales is pleased to present exclusively for sale
67-14 41st Avenue, an 88-unit elevator serviced apartment building
with a professional space in Woodside, Queens, NY.
Built in 1964, the building is comprised of approx. 69,212 Sq. Ft. and
all apartments are currently occupied. There are plans to convert
the professional space to four additional apartments, providing
tremendous upside potential.
The property is conveniently located on the southwest corner of 41st
Avenue and 68th Street, 1 block to the [7] train at the 69th Street
station and a short walk to the LIRR at the 61st Street-Woodside
station.
This property is an ideal long-term investment or 1031 exchange
opportunity at a low basis in one
67-14 41st Avenue, an 88-unit elevator serviced apartment building
with a professional space in Woodside, Queens, NY.
Built in 1964, the building is comprised of approx. 69,212 Sq. Ft. and
all apartments are currently occupied. There are plans to convert
the professional space to four additional apartments, providing
tremendous upside potential.
The property is conveniently located on the southwest corner of 41st
Avenue and 68th Street, 1 block to the [7] train at the 69th Street
station and a short walk to the LIRR at the 61st Street-Woodside
station.
This property is an ideal long-term investment or 1031 exchange
opportunity at a low basis in one
Property Facts
| Price Per Unit | $105,795 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.01% | Lot Size | 0.41 AC |
| Gross Rent Multiplier | 5.47 | Building Size | 69,212 SF |
| No. Units | 88 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.17/1,000 SF |
| Zoning | R5D | ||
| Price Per Unit | $105,795 |
| Sale Type | Investment |
| Cap Rate | 9.01% |
| Gross Rent Multiplier | 5.47 |
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 69,212 SF |
| No. Stories | 6 |
| Year Built | 1964 |
| Parking Ratio | 0.17/1,000 SF |
| Zoning | R5D |
Property Taxes
| Parcel Number | 01307-0023 | Improvements Assessment | $2,338,200 |
| Land Assessment | $389,250 | Total Assessment | $2,727,450 |
Property Taxes
Parcel Number
01307-0023
Land Assessment
$389,250
Improvements Assessment
$2,338,200
Total Assessment
$2,727,450
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