138-25 Barclay Ave - Apartments FOR SALE


Flushing, NY 11355- Downtown Flushing
$40,000,000 USD
917-519-0457
138-25 Barclay Ave, Flushing, NY for Sale
$40,000,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

138-25 Barclay Ave
Flushing, NY 11355
Downtown Flushing


HIGHLIGHTS

  • Rapidly Growing
  • Convenient Location
  • 2023 Built
  • 421A-Tax Abatement
  • Close To Public Transportation
  • Amenity Building

OVERVIEW

We’re excited to present a unique opportunity: The Haru, a brand-new, ground-up 7-story development located at 138-25 Barclay Avenue in the heart of Downtown Flushing. you can view a video of the building here: https://www.instagram.com/nestseekers/reel/DPjIRAADoZe/?hl=en Completed in 2023, The Haru features: 48 residential units Amenities: Rooftop Terrace and Lounge Gym Package Room Bike Room 24 on-site parking spaces ~40,976 SF on a ~12,400 SF lot 35-Year 421-a tax abatement in place Positioned for long-term growth, the property benefits from robust neighborhood investment and proximity to major transit (7-Train & LIRR), top-tier retail, and future developments like the NYCFC stadium and proposed Metropolitan Park. Offered as a fee-simple interest, this is a rare opportunity for a savvy investor to acquire a stabilized, income-producing rental asset or convert into condominiums in one of Queens’ most dynamic markets. For additional details or to schedule a property tour, please contact the exclusive brokerage team at Nest Seekers International.

FOR SALE DETAILS

PRICE

$40,000,000 USD

PRICE/SF

$976 USD /SF

# OF UNITS

48

PRICE/UNIT

$833,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Haru

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R7-1

APN/PARCEL ID

05044-0074

ASK ABOUT THIS PROPERTY

Joaquin ValenciaNest Seekers InternationalMore Info
917-519-0457

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Joaquin ValenciaNest Seekers InternationalMore Info
917-519-0457

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