4029 23rd St - Apartments FOR SALE


Long Island City, NY 11101- Queens Bridge
$3,900,000 USD
925-285-3075
4029 23rd St, Long Island City, NY for Sale
$3,900,000 USD
Apartments - FOR SALE
1/8
null | 5.95% Cap Rate

4029 23rd St
Long Island City, NY 11101
Queens Bridge


HIGHLIGHTS

  • Fully leased
  • Great central location for public transportation
  • Recently renovated
  • 90% free market (one unit Rent Controlled)

OVERVIEW

Welcome to 40-29 23rd St, a gem in the heart of Long Island City! This turnkey, 90% free market, investment property offers a unique opportunity to own a fully leased, recently renovated 8-unit multi-family building. With tenants already in place, you can start generating income from day one. All eight units are currently leased, providing a stable and consistent income stream for savvy investors. Benefit from the immediate returns of a property that is not only well-maintained but also in high demand in the thriving Long Island City rental market. Seize this opportunity to own a prime piece of Long Island City real estate.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$648 USD /SF

# OF UNITS

8

PRICE/UNIT

$487,500

CAP RATE

5.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

90% Free Market Multi-Family Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,148 SF

ZONING

M1-3

APN/PARCEL ID

00408-0013

ASK ABOUT THIS PROPERTY

Faisal GilaniNY Space FindersMore Info
925-285-3075

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Faisal GilaniNY Space FindersMore Info
925-285-3075

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