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12-Unit Multi-Family Building 6728 78th St 12 Unit Apartment Building $3,800,000 ($316,667/Unit) 5.88% Cap Rate Middle Village, NY 11379
Investment Highlights
- 12-unit, 3-story multi-family building featuring spacious 2-bedroom units.
- Individual unit metering and additional parking income with 9 parking spaces.
- Excellent transit access via the M train and express buses, offering direct connectivity to Manhattan.
- Strong rent roll stability with long-term tenants and low vacancy.
- Prime Middle Village location on a quiet, low- density block steps from the Metropolitan Avenue retail corridor.
- Updated interiors with modern kitchens, stainless steel appliances, dishwashers, renovated baths, and ample natural light.
Executive Summary
AUCTION SALE - Bidding Open Through Wednesday, December 17. Please note that the above price reflects the Reserve Price for the property, which is being marketed for sale by private auction. Submit bid anytime now through December 17. Seller reserves the right to accept or reject/any/all bids. Please visit prusa.com for additional terms.
Located in the highly desirable neighborhood of Middle Village, Queens, this well- maintained 12-unit multifamily building offers stable in-place income. Built in 1930, this 3-story walk-up combines the timeless charm of pre-war architecture with modernized interiors, creating a durable, income-producing asset in one of Queens’ most established residential neighborhoods.
Each-2-bedroom rent stabilized unit features spacious layouts, updated kitchens and baths, dishwashers, and ample storage, catering to strong tenant demand for quality housing in this submarket. The property benefits from its quiet, tree-lined setting while remaining just steps from the Metropolitan Avenue retail corridor, Juniper Valley Park, and key transit options including the M train at Middle Village–Metropolitan Avenue and multiple express bus lines. This balance of neighborhood tranquility and accessibility has made Middle Village a preferred destination for long-term renters seeking a blend of suburban character and urban convenience.
With consistent occupancy, proven rent stability and additional parking income, this represents an ideal acquisition for both private investors and portfolio owners seeking a dependable, low-risk multifamily asset in a premier Queens location.
Located in the highly desirable neighborhood of Middle Village, Queens, this well- maintained 12-unit multifamily building offers stable in-place income. Built in 1930, this 3-story walk-up combines the timeless charm of pre-war architecture with modernized interiors, creating a durable, income-producing asset in one of Queens’ most established residential neighborhoods.
Each-2-bedroom rent stabilized unit features spacious layouts, updated kitchens and baths, dishwashers, and ample storage, catering to strong tenant demand for quality housing in this submarket. The property benefits from its quiet, tree-lined setting while remaining just steps from the Metropolitan Avenue retail corridor, Juniper Valley Park, and key transit options including the M train at Middle Village–Metropolitan Avenue and multiple express bus lines. This balance of neighborhood tranquility and accessibility has made Middle Village a preferred destination for long-term renters seeking a blend of suburban character and urban convenience.
With consistent occupancy, proven rent stability and additional parking income, this represents an ideal acquisition for both private investors and portfolio owners seeking a dependable, low-risk multifamily asset in a premier Queens location.
Property Facts
| Price | $3,800,000 | Building Class | C |
| Price Per Unit | $316,667 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 9,000 SF |
| Cap Rate | 5.88% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2019 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4-1 | ||
| Price | $3,800,000 |
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2019 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R4-1 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Instant Hot Water
- Large Bedrooms
Site Amenities
- Trash Pickup - Curbside
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 900 - 1,100 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03774-0027 | Improvements Assessment | $256,410 |
| Land Assessment | $32,400 | Total Assessment | $288,810 |
Property Taxes
Parcel Number
03774-0027
Land Assessment
$32,400
Improvements Assessment
$256,410
Total Assessment
$288,810
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12-Unit Multi-Family Building | 6728 78th St
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