89-07 N Conduit Ave - Apartments FOR SALE


Ozone Park, NY 11417
$2,799,999 USD
212-430-5196
89-07 N Conduit Ave, Ozone Park, NY for Sale
$2,799,999 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

89-07 N Conduit Ave
Ozone Park, NY 11417


HIGHLIGHTS

  • The subject property rests on a 0.19-acre parcel with approximately +/- 13,100 SF
  • This property has ten (10) free market apartments, with five (5) 2BR units, five (5) 1BR units and one (1) ground-floor office suite
  • The two-bedroom units are 925 square feet and the one-bedroom units are 825 square feet
  • Property has three (3) two-car garages in the front, one (1) single garage in the rear, and surface parking spaces on the side

OVERVIEW

Marcus & Millichap is proud to present for sale 89-07 N Conduit Avenue ("Subject property"), a multifamily property located in Ozone Park, NY. The subject property rests on a 0.19-acre parcel with approximately +/- 13,100 square feet of space. This property has ten (10) free market apartments, with five (5) two-bedroom units and five (5) one-bedroom units, and one (1) office suite. The two-bedroom units are approximately 925 square feet, and the one-bedroom units are approximately 825 square feet. The subject property has three (3) two-car garages in the front, one (1) single garage in the rear, and surface parking spaces on the side. The subject property is also near the NYC “A” subway line. The subject property is ideally located near numerous demand drivers like the Resorts World New York City and Aqueduct Racetrack. The area demographics paint a picture of opportunity – over 554,000 people live within a three miles radius and an average household income is well over $90,000. Additional information is available upon request.

FOR SALE DETAILS

PRICE

$2,799,999 USD

PRICE/SF

$214 USD /SF

# OF UNITS

11

PRICE/UNIT

$254,545

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Units | Ozone Park, NY

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R4-1

APN/PARCEL ID

11403-0025

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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