7220 67th St - Apartments FOR SALE


Flushing, NY 11385
$1,298,000 USD
718-344-2668
7220 67th St, Flushing, NY for Sale
$1,298,000 USD
Apartments - FOR SALE
1/3
null | 6.15% Cap Rate

7220 67th St
Flushing, NY 11385


HIGHLIGHTS

  • Prime location
  • Well maintained
  • Excellent condition

OVERVIEW

Exceptional opportunity to acquire a fully leased six-family brick building in the highly resilient Ridgewood/Glendale rental corridor of Queens. This well-maintained asset comprises six spacious two-bedroom, one-bathroom apartments, each offering generous living areas and functional kitchen layouts. The consistent two-bedroom unit mix remains one of the strongest-performing configurations in this submarket, supporting steady tenant demand and long-term rent stability. Constructed of solid brick and positioned in a prime location near transportation, shopping, dining, and everyday conveniences, the property benefits from strong rental fundamentals and enduring neighborhood appeal. An ideal turnkey investment offering immediate cash flow in one of Queens’ most dependable multifamily corridors. Investment Highlights: • 100% Occupied – Immediate Cash Flow • Gross Scheduled Income: $124,063.2 • Net Operating Income: $79,827.2 • Cap Rate: 6.15% • Price Per Unit: $216,333 Contact me for more information

FOR SALE DETAILS

PRICE

$1,298,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,333

CAP RATE

6.15%

% 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

0.06 AC

LAND SF

2,788 SF

ZONING

R5, Queens

APN/PARCEL ID

03700-0035

ASK ABOUT THIS PROPERTY

Doron BerenholtzBerkshire Hathaway HomeServices NY PropertiesMore Info
718-344-2668

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Doron BerenholtzBerkshire Hathaway HomeServices NY PropertiesMore Info
718-344-2668

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