89-14 S Conduit Ave - Apartments FOR SALE


Jamaica, NY 11414
$1,095,000 USD
646-502-3483
89-14 S Conduit Ave, Jamaica, NY for Sale
$1,095,000 USD
Apartments - FOR SALE
1/2
null | 6.4% Cap Rate

89-14 S Conduit Ave
Jamaica, NY 11414


HIGHLIGHTS

  • (6) Two-Bedroom apartments – Fully occupied
  • 4 Free Market units; remaining units may be converted to FM due to recently expired 421-a tax abatement
  • Each unit has its own individual boiler and hot water heater
  • Separate exterior basement access for storage potential
  • Near major highways, Resorts World, JFK Airport

OVERVIEW

Standalone 6-unit walk-up building with onsite parking, featuring 4 free market units and 2 rent-stabilized units.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

6

PRICE/UNIT

$182,500

CAP RATE

6.4%

% 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

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R5

APN/PARCEL ID

11421-0007

ASK ABOUT THIS PROPERTY

Eugene KimMeridian Capital Group, LLCMore Info
646-502-3483

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Eugene KimMeridian Capital Group, LLCMore Info
646-502-3483

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