22-14-22-16 120th St - Apartments FOR SALE


College Point, NY 11356
$1,299,999 USD
631-504-7170
22-14-22-16 120th St, College Point, NY for Sale
$1,299,999 USD
Apartments - FOR SALE
1/5
null | 6.3% Cap Rate

22-14-22-16 120th St
College Point, NY 11356


OVERVIEW

Six-unit rent Stabilized Queens multifamily with stable in-place income, long-term tenant base, and future upside upon legal vacancy. Ideal for a patient investor seeking a durable NYC income asset. Excellent opportunity located in the desirable College Point neighborhood of Queens. This well-maintained multifamily building presents a strong investment opportunity. The property features an ideal unit mix consisting of two 1-bedroom apartments on the first floor and four 2-bedroom apartments located on the second and third floors, offering strong tenant appeal and consistent rental demand. Currently generating over $111,000 in annual gross rental income, the property offers investors an approximate 6.3% cap rate, making it an attractive addition to any investment portfolio. Conveniently located in College Point, the property is close to shopping, restaurants, parks, schools, and public transportation, with easy access to Downtown Flushing, major highways, and LaGuardia Airport. This area continues to experience strong rental demand due to its convenient location and vibrant community.

FOR SALE DETAILS

PRICE

$1,299,999 USD

PRICE/SF

$245 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

6.3%

% LEASED

96%

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

0.17 AC

LAND SF

7,449 SF

ZONING

R4, Queens

APN/PARCEL ID

04195-0032

ASK ABOUT THIS PROPERTY

Jennifer TalleyHampton Estates RealtyMore Info
631-504-7170

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Jennifer TalleyHampton Estates RealtyMore Info
631-504-7170

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