13225 Pople Ave - Apartments FOR SALE


Flushing, NY 11355- Downtown Flushing
$7,780,000 USD
718-581-9688
13225 Pople Ave, Flushing, NY for Sale
$7,780,000 USD
Apartments - FOR SALE
1/11
null | 5.3% Cap Rate

13225 Pople Ave
Flushing, NY 11355
Downtown Flushing


OVERVIEW

Offered at $7,780,000, this fully occupied seven story elevator mixed use building presents a compelling investment opportunity in the heart of Downtown Flushing. The property contains a total of 15 units, including 14 residential apartments and one community facility, along with seven onsite parking spaces. Residential units consist of thirteen two-bedroom apartments and one studio, totaling 26 bedrooms, 26 bathrooms, and 14 kitchens. Constructed in 2009, the building features individual boilers, electric meters, and hot water heaters for each unit, providing efficient operations and reduced owner expense exposure. Additional amenities include a private driveway and lower-level parking. The community facility features dramatic two-story ceiling heights and adds strong income diversification. The property is located just half a block from College Point Boulevard and is surrounded by extensive shopping, dining, and public transportation options. With an approximate cap rate of 5.3 percent and pricing near $350 per square foot, the asset offers excellent potential as a long-term rental hold or future condominium conversion. Detailed income and expense reports are available upon request. Buyer to independently verify all information. Sale subject to seller completing a 1031 exchange. Showings by appointment only.

FOR SALE DETAILS

PRICE

$7,780,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

15

PRICE/UNIT

$518,667

CAP RATE

5.3%

% LEASED

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2006

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R6

APN/PARCEL ID

05102-0052

ASK ABOUT THIS PROPERTY

Yuan WilliamsAuri Realty management LLCMore Info
718-581-9688

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Yuan WilliamsAuri Realty management LLCMore Info
718-581-9688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.