For Sale
$1,500,000

99-02 212 StQueens, NY 11429

Five-unit apartment building, fully rented, great income.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional Queens investment opportunity presents a fully rented five-unit apartment building situated on a 20.17 ft x 106 ft lot. The building itself measures 20 ft x 72 ft and boasts a desirable R3-2 zoning classification. The property comprises five apartments: one three-bedroom unit, two two-bedroom units, and two one-bedroom units. This multifamily property has undergone a complete top-to-bottom renovation within the last five years, ensuring modern amenities and reduced maintenance needs. Currently generating a substantial monthly rental income of $7,000, this property is being sold as-is, occupied with paying tenants. The building consists of five units across two stories, and is a semi-attached corner property. This presents a strong cash flow opportunity for investors seeking a stable and profitable addition to their portfolio. The property's location in Queens, New York, at 99-02 212th Street, zip code 11429, offers convenient access to local amenities and transportation. The asking price for this lucrative investment is $1,500,000.

Highlights

  • $1,500,000 asking price for this multifamily investment opportunity.
  • Five-building, two-story apartment complex in Queens, NY.
  • R3-2 zoning.
  • Fully rented with a $7,000 monthly rent roll.
  • Recently renovated (within the last 5 years).
  • Apartment mix: one 3-bedroom, two 2-bedroom, and two 1-bedroom units.

Property Details for 99-02 212 St

Property type
Apartment buildings
Buildings
5
Stories
2

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7141814
Longitude
-73.7469084
99-02 212 St, Queens, New York

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99-02 212 St
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