142-15 Cherry Ave - Apartments FOR SALE


Flushing, NY 11355- East Flushing
$13,888,000 USD
917-577-7400
142-15 Cherry Ave, Flushing, NY for Sale
$13,888,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

142-15 Cherry Ave
Flushing, NY 11355
East Flushing


OVERVIEW

Prime mid-size multifamily investment opportunity in the heart of Flushing. This 6-story elevator building features 20 residential units, all configured as 2-bedroom, 2-bath layouts, offering strong rental appeal and efficient use of space. The property encompasses approximately 17,333 SF and includes a 500 SF community facility, providing additional flexibility and potential income streams. Zoned R7B, the asset offers long-term appreciation potential and future development upside. The building also includes 10 on-site parking spaces, a highly desirable amenity in this high-demand area. Ideally located within walking distance to Main Street transit hub (7 train & LIRR) and surrounded by major commercial destinations such as SkyView Center, Tangram, and New World Mall. Strong rental demand, low vacancy rates, and excellent neighborhood amenities ensure stable and consistent cash flow. A rare opportunity to acquire a well-positioned asset in one of Queens’ most sought-after rental markets.

FOR SALE DETAILS

PRICE

$13,888,000 USD

PRICE/SF

$640 USD /SF

# OF UNITS

20

PRICE/UNIT

$694,400

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2011

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R7B

APN/PARCEL ID

05186-0054

ASK ABOUT THIS PROPERTY

Hsin Yuan(Shirly YangE Realty International CorpMore Info
917-577-7400

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Hsin Yuan(Shirly YangE Realty International CorpMore Info
917-577-7400

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