13301 Booth Memorial AveFlushing, NY 11355

Property Details for 13301 Booth Memorial Ave

Year built

1957

Lot size

0.30 AC

Property size (Sq ft)

19,836 SF

Zone code

R4

Property type

Apartment buildings

APN

05117-0001

APU

51170001

Description

This exceptional 36-unit apartment building presents a compelling investment opportunity in the desirable Flushing, Queens neighborhood. Situated at 13301 Booth Memorial Ave, this well-maintained property boasts 13,468 square feet and offers a diverse mix of 24 studio and 12 one-bedroom apartments. Each unit is designed for modern living, featuring ample natural light and comfortable layouts. The building's prime location provides easy access to major highways, public transportation, airports, and a wealth of shopping and dining options, ensuring high occupancy rates and strong rental demand. Residents enjoy the convenience of on-site amenities, including a laundry facility and a parking lot. This property represents a rare chance to acquire a substantial multifamily asset in a thriving area with significant potential for long-term growth and consistent rental income. The building is situated on a 0-acre lot. The asking price for this turnkey investment is $7,000,000. This is a unique opportunity to acquire a well-maintained, income-producing property in a highly sought-after location. The combination of its desirable location, spacious units, and convenient amenities makes this building an attractive investment for both seasoned and new investors seeking a strong return on investment. Don't miss this chance to secure a piece of Flushing's vibrant real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,066,559

  6.5%

  $3,753,747

  7%

  $3,485,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,017,246

  Geo Method

  $4,017,246

• Alternative Use

  Use

  Valuation

  Residential

  $3,753,747

  Hospitality

  $3,438,412

  Educational

  $2,860,718

  Medical

  $2,959,103

  Retail

  $4,450,006

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7484

Longitude

-73.831

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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