For Sale
$1,000,000

103-26 Alstyne Ave Queens, NY 11368

High-Yield Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
132
This charming three-story apartment building, located at 103-26 Alstyne Ave in Queens, NY 11368, presents a compelling value-add investment opportunity. Boasting a 7.20% cap rate and a substantial net operating income (NOI) of $72,000, this property offers significant potential for increased profitability. The building comprises two units, each featuring three bedrooms and one bathroom, totaling 1,689 square feet of net rentable space. Situated on a 1,899 square foot lot, the property is zoned R5. Originally constructed in 1920 and renovated in 2000, this building presents a chance to enhance its value through strategic improvements. The property's location in Corona offers convenient access to local amenities and transportation. Each unit has the potential to generate monthly rental income between $3,000 and $5,000, further enhancing the investment's appeal. This is an exceptional opportunity for investors seeking a strong return on investment in a desirable Queens location. The asking price is $1,000,000. Don't miss this chance to acquire a multifamily property with significant upside potential.

Highlights

  • Strong investment opportunity with potential monthly rental income per unit ranging from $3,000 to $5,000.

Property Details for 103-26 Alstyne Ave

Property type
Apartment buildings
Square Feet
1,689 SF
Year Built/Renovated
1920/2000
Stories
3
Units
2

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7431682
Longitude
-73.8586624

FAQs

What type of property is this?
Apartment building - High-Yield Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 103-26 Alstyne Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Strong investment opportunity with potential monthly rental income per unit ranging from $3,000 to $5,000.; ;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
103-26 Alstyne Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message