40-47 77 StQueens, NY 11373

This exceptional 5-unit apartment building, located at 40-47 77th Street in Queens, New York, presents a compelling investment opportunity. Built in 2016, the property boasts a total of 3,984 square feet of net rentable space, spread across five units, each priced at $399,600. The asking price for the entire building is $1,998,000, translating to a price per square foot of $999. The building is situated in the heart of Elmhurst, offering convenient access to subway and bus stations, ensuring high tenant demand. Currently fully tenanted, the property is in excellent condition and benefits from part-time on-site maintenance, including weekly cleaning and garbage disposal. The property is zoned R6B, and the building's strong occupancy and management contribute to a capitalization rate exceeding 5%. This turnkey investment is ideal for those seeking a stable, high-performing asset in a desirable location. The property's strong financials and prime location make it a must-see for discerning investors. This is a rare opportunity to acquire a well-maintained, fully occupied multifamily property in a thriving neighborhood.