214-33 41st Avenue Ave - Apartments FOR SALE


Bayside, NY 11361
$18,888,000 USD
646-933-2677
214-33 41st Avenue Ave, Bayside, NY for Sale
$18,888,000 USD
Apartments - FOR SALE
1/7
null | 6.18% Cap Rate

214-33 41st Avenue Ave
Bayside, NY 11361


HIGHLIGHTS

  • PREMIUM NEW CONSTRUCTION MIXED-USE BUIDLING (2023)
  • 22 TOTAL UNITS: 18 RESIDENTIAL (13 MARKET + 5 AFFORDABLE), 2 GROUND FLOOR RETAIL, 1 COMMUNITY FACILITY, 1 GARAGE WITH UP TO 42 SPACES
  • PENDING 421A TAX ABATEMENT
  • 65% LEASED OFFERING SIGNIFICANT IN-PLACE CASH FLOW

OVERVIEW

B6 Real Estate Advisors & Luxian International Realty have been retained on a co-exclusive basis to arrange for the sale of 214-33 41st Avenue & 40-12 214 Place (the "Property"). The Property is a premium new construction mixed-use asset in Bayside, Queens. The Property features 18 residential apartments (13 Market-Rate + 5 Affordable), 2 ground-floor retail units, a community facility and garage for parking.

FOR SALE DETAILS

PRICE

$18,888,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

22

PRICE/UNIT

$858,545

CAP RATE

6.18%

% LEASED

65%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bayside Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2023

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R6B / C1-2 / R4

APN/PARCEL ID

06288-0029,06288-0035,06288-0037

ASK ABOUT THIS PROPERTY

Alex WoodliefB6 Real Estate Advisors LLCMore Info
646-933-2677

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Alex WoodliefB6 Real Estate Advisors LLCMore Info
646-933-2677

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