33-53 Prince StQueens, NY 11354

Property Details for 33-53 Prince St

Property size (Sq ft)

6,000 SF

Property type

Apartment buildings

Description

This exceptional 13-unit apartment building presents a compelling investment opportunity in the vibrant heart of Downtown Flushing, Queens, NY. Located at 33-53 Prince Street, this three-story Class C building boasts 6,000 square feet of gross building area situated on a sizable 5,650 square foot lot (approximately 76.5' x 142'). The property is zoned M2-1, offering potential for future development or expansion. The building currently houses 13 rental units, providing a strong cash flow with a 4.00% cap rate. Ample parking is available with 15 spaces on-site. This well-maintained property offers a solid foundation for a savvy investor seeking a high-return multifamily asset in a rapidly growing area. The building's central location in Downtown Flushing provides easy access to public transportation, shopping, dining, and cultural attractions. The property's strong occupancy rate and consistent rental income make it an attractive investment with significant upside potential. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-positioned multifamily property in one of New York City's most dynamic neighborhoods. Don't miss out on this chance to secure a profitable investment in a prime location.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7651

Longitude

-73.833

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