For Sale
$2,800,000

14661 105 AveQueens, NY 11435

7-unit apartment building, 100% occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity in Queens, NY, presents a well-maintained, 7-unit apartment building constructed in 2017. This four-story building boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $264,096. The property sits on a 2,025 square foot lot and is zoned R6A, C2-4. The building comprises seven beautifully designed one-bedroom apartments, each featuring modern finishes and high-quality appliances. Third and fourth-floor units offer private balconies. One unit is handicap accessible. Conveniently located near public transportation, including the subway at Archer Ave and Sutphin Blvd, ensuring easy commuting for residents. The building benefits from a 421A tax abatement program extending until 2058, offering significant long-term tax advantages. This property represents a strong cash flow opportunity with significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $2,800,000. This is a rare opportunity to acquire a high-performing multifamily asset in a desirable Queens location.

Highlights

  • 421-a tax abatement, 35-year term expiring 2058, includes affordable housing component.

Property Details for 14661 105 Ave

Property type
Apartment buildings
Year Built
2017
Stories
4

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.695504387254
Longitude
-73.803879257558
14661 105 Ave, Queens, New York

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14661 105 Ave
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