135-04 102nd Ave - Apartments FOR SALE


Jamaica, NY 11419
$3,499,999 USD
347-771-7288
135-04 102nd Ave, Jamaica, NY for Sale
$3,499,999 USD
Apartments - FOR SALE
1/16
null | 4.44% Cap Rate

135-04 102nd Ave
Jamaica, NY 11419


HIGHLIGHTS

  • Fully occupied seven-unit free market building.
  • Gross income over $213K with tenants paying utilities.
  • Built in 2020 with reinforced concrete and ICFs.
  • Direct exposure to Van Wyck Expressway and major transit.
  • Assigned parking and ENERGY STAR-rated systems.
  • Assigned parking and ENERGY STAR-rated systems.

OVERVIEW

Built in 2020, this modern seven-unit free market building offers investors a rare opportunity to acquire a turnkey property in the heart of Queens. Constructed with reinforced concrete for long-term durability and minimal maintenance, the building is fully occupied with excellent tenants who each pay their own utilities, ensuring steady cash flow and low operating expenses. The property enjoys a highly visible location with direct exposure to the Van Wyck Expressway while also being centrally positioned near Jamaica Avenue, Liberty Avenue, Jamaica Hospital, and the Sutphin-Archer Metropolitan Transportation Hub, providing unmatched access to major transit including subway, LIRR, and multiple bus lines. The building generates a gross annual income of $213,144 with a net annual income of $155,325, making it an exceptional investment opportunity. With stable tenancy, strong income, and a prime location offering both visibility and accessibility in one of Queens’ most connected neighborhoods, this property is well-positioned to deliver both immediate returns and long-term growth potential.

FOR SALE DETAILS

PRICE

$3,499,999 USD

PRICE/SF

$482 USD /SF

# OF UNITS

7

PRICE/UNIT

$500,000

CAP RATE

4.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,750 SF

ZONING

R5

APN/PARCEL ID

09503-0068

ASK ABOUT THIS PROPERTY

Mahir SadmanNewmarkMore Info
347-771-7288

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Mahir SadmanNewmarkMore Info
347-771-7288

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