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Queens Package- 18-Unit New Construction 3 Multifamily Properties Offered at $6,750,000 in Multiple Locations
Investment Highlights
- Three new construction buildings totaling 18 units.
- All 3 buildings have a 421A expiring in 2032, after which the apartments will revert to FM.
- First sale by original developer.
- All 3 buildings are Protected Tax Class 2A.
- Tenants pay for all utilities in each building.
- The properties are located near busy retail corridors in Astoria and Corona with shopping, dining, and entertainment options.
Property Facts
| Price | $6,750,000 | Number of Properties | 3 |
| Price / SF | $501.49 / SF | Individually For Sale | 0 |
| Cap Rate | 6.40% | Total Building Size | 13,460 SF |
| Sale Type | Investment | Total Land Area | 0.13 AC |
| Status | Active |
| Price | $6,750,000 |
| Price / SF | $501.49 / SF |
| Cap Rate | 6.40% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,460 SF |
| Total Land Area | 0.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 14-18 31st Ave, Astoria, NY 11106 | Multifamily | 5,300 SF | 2016 | - |
| 57-32 Granger St, Corona, NY 11368 | Multifamily | 4,080 SF | 2015 | - |
| 5734 Granger St, Corona, NY 11368 | Multifamily | 4,080 SF | 2015 | - |
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Queens Package- 18-Unit New Construction
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