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84-14 149th Avenue 8414-84-18 149th Ave 11 Unit Apartment Building $2,250,000 ($204,545/Unit) 7.08% Cap Rate Jamaica, NY 11414
INVESTMENT HIGHLIGHTS
- Corner Lot
- No Deferred Maintenance
- Rear Parking available
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to offer to market 149-02 85th Street, an 11-unit multifamily property in Howard Beach, Queens. The property is located on the corner of 85th Street and 149th Avenue, one block from the intersection of main thoroughfares Linden Boulevard and Conduit Avenue. Built in 1969, the brick building consists of two (2) studios, eight (8) 1-BR units, and one (1) 2-BR unit. In the rear of the building are seven legal, gated parking spaces, with additional back-in parking available in on 149th Ave.
The offering will be delivered with one unit (A1) delivered vacant at closing, giving investors the opportunity to maximize the legal rent and provide a clear sight-line to capture the preferential rent delta.
The offering will be delivered with one unit (A1) delivered vacant at closing, giving investors the opportunity to maximize the legal rent and provide a clear sight-line to capture the preferential rent delta.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,250,000 | Building Class | C |
| Price Per Unit | $204,545 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,680 SF |
| Cap Rate | 7.08% | Average Occupancy | 91% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5,Queens,(C1) | ||
| Price | $2,250,000 |
| Price Per Unit | $204,545 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,680 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R5,Queens,(C1) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | - | - |
1 1
Walk Score®
Very Walkable (73)
Transit Score®
Excellent Transit (76)
PROPERTY TAXES
| Parcel Number | 11416-0002 | Improvements Assessment | $270,180 (2025) |
| Land Assessment | $40,050 (2025) | Total Assessment | $310,230 (2025) |
PROPERTY TAXES
Parcel Number
11416-0002
Land Assessment
$40,050 (2025)
Improvements Assessment
$270,180 (2025)
Total Assessment
$310,230 (2025)
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84-14 149th Avenue | 8414-84-18 149th Ave
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