For Sale
$1,279,000

18-11 Ctr StQueens, NY 11385

Classic 6-unit building, huge potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This meticulously maintained three-story apartment building at 18-11 Centre Street in Queens, New York, presents a compelling investment opportunity. Built in 1931, the property boasts 6,480 square feet on a 0.08-acre lot, situated on a quiet, tree-lined street. The building comprises six apartments, each featuring three bedrooms. The dimensions of the building are 27 feet by 80 feet. A substantial full basement offers significant untapped potential for expansion or additional income streams. Its ideal location places it just one block from the vibrant Myrtle Avenue, providing easy access to a variety of amenities and businesses. The Seneca Subway Station and bus routes are also within minutes, ensuring convenient transportation for residents. The asking price for this property is $1,279,000. This multifamily property, categorized as both retail and multifamily, represents a strong investment in a rapidly developing neighborhood, poised for continued growth and appreciation. The property's classic design and prime location make it an attractive option for both seasoned investors and those seeking a stable, income-generating asset in a thriving area. The building's excellent condition and potential for future development further enhance its appeal.

Highlights

  • 1931-built, three-story, six-unit multifamily building in Queens, NY.
  • 6,480 sq ft building on a 0.08-acre lot (27' x 80').
  • Six 3-bedroom apartments.
  • Full basement with expansion potential.
  • One block from Myrtle Avenue, near Seneca Subway & bus routes.
  • Asking price: $1,279,000.

Property Details for 18-11 Ctr St

Property type
Retail properties, Apartment buildings
Square Feet
6,480 SF
Year Built
1931
Stories
3
Lot Size (sq. ft)
3,485 SF
Units
6

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.700065
Longitude
-73.902154
18-11 Ctr St, Queens, New York

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18-11 Ctr St
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