4102 69Th StWoodside, NY 11377

Property Details for 4102 69Th St

Year built

1925

Lot size

0.08 AC

Property size (Sq ft)

10,776 SF

Zone code

R5D

Property type

Apartment buildings

APN

01308-0031

APU

13080031

Description

This exceptional 19-unit mixed-use building presents a compelling investment opportunity in the thriving Woodside, Queens neighborhood. Situated on a 0.08-acre lot at 4102 69th Street, this property boasts 17 one-bedroom apartments and 2 two-bedroom apartments, offering a diverse rental portfolio. Four units have undergone recent renovations, enhancing their desirability and potential rental income. The building's prime location offers unparalleled convenience, being just one block from the 7 subway line and the Q47 bus routes, ensuring easy access to Manhattan and other parts of Queens. The proximity to the vibrant shopping and dining options along Roosevelt and Woodside Avenues further enhances its appeal to tenants. This property represents a strong investment opportunity due to its combination of desirable location, existing rental income, and recent upgrades. The building's solid occupancy rate and potential for further value appreciation make it an attractive asset for discerning investors seeking a stable and profitable investment in a rapidly growing area. The property's size and unit mix provide a balanced portfolio, mitigating risk and maximizing returns. This is a rare opportunity to acquire a well-maintained multi-family building in a highly sought-after location. The asking price is $3,488,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,209,178

  6.5%

  $2,039,241

  7%

  $1,893,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,182,388

  Geo Method

  $2,182,388

• Alternative Use

  Use

  Valuation

  Residential

  $2,039,241

  Hospitality

  $1,867,934

  Educational

  $1,554,099

  Medical

  $1,607,547

  Retail

  $2,417,487

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7444

Longitude

-73.8962

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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