203 Willis Ave - Apartments FOR SALE


Mineola, NY 11501
$3,500,000 USD
516-801-6181
203 Willis Ave, Mineola, NY for Sale
$3,500,000 USD
Apartments - FOR SALE
1/9
null | 5.31% Cap Rate

203 Willis Ave
Mineola, NY 11501


HIGHLIGHTS

  • Rent Stabilized Building
  • 15 Residential Units
  • .6 Miles to the Mineola LIRR
  • .6 Miles to NYU Langone
  • 2 Miles to LIJ Medical Center
  • Two Year Old Roof

OVERVIEW

Expand your portfolio with this 15 unit multifamily apartment building, located on Willis Avenue in the heart of Mineola. This 3 story building was built in 1931 and boasts its unique charm throughout every facet of both the interior and exterior. With close proximity to schools, hospitals, public transit and municipal parking, this building showcases convenience for tenants and guests. Hosting 15 units, this building is fully occupied and is well kept with a ground floor common area and a garden area in the rear of the building. Roof is approximately 2 years old, windows are about 5-6 years old and all units are separately metered for gas and electric.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

15

PRICE/UNIT

$233,333

CAP RATE

5.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

2223-09-409-00-0460-0

ASK ABOUT THIS PROPERTY

Giuseppe GregorioNY Space FindersMore Info
516-801-6181

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Giuseppe GregorioNY Space FindersMore Info
516-801-6181

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