84-14-84-18 149th Ave - Apartments FOR SALE


Jamaica, NY 11435
$2,250,000 USD
309-210-5330
84-14-84-18 149th Ave, Jamaica, NY for Sale
$2,250,000 USD
Apartments - FOR SALE
1/17
null | 7.08% Cap Rate

84-14-84-18 149th Ave
Jamaica, NY 11435


HIGHLIGHTS

  • Corner Lot
  • Rear Parking available
  • No Deferred Maintenance

OVERVIEW

Cushman & Wakefield is pleased to offer to market 149-02 85th Street, an 11-unit multifamily property in Howard Beach, Queens. The property is located on the corner of 85th Street and 149th Avenue, one block from the intersection of main thoroughfares Linden Boulevard and Conduit Avenue. Built in 1969, the brick building consists of two (2) studios, eight (8) 1-BR units, and one (1) 2-BR unit. In the rear of the building are seven legal, gated parking spaces, with additional back-in parking available in on 149th Ave. The offering will be delivered with one unit (A1) delivered vacant at closing, giving investors the opportunity to maximize the legal rent and provide a clear sight-line to capture the preferential rent delta.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$439 USD /SF

# OF UNITS

11

PRICE/UNIT

$204,545

CAP RATE

7.08%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

84-14 149th Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R5,Queens,(C1)

APN/PARCEL ID

11416-0002

ASK ABOUT THIS PROPERTY

Nick KolbusCushman & WakefieldMore Info
309-210-5330

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Nick KolbusCushman & WakefieldMore Info
309-210-5330

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