8916 Doran Ave - Apartments FOR SALE


Glendale, NY 11385
$1,599,000 USD
718-894-8700
8916 Doran Ave, Glendale, NY for Sale
$1,599,000 USD
Apartments - FOR SALE
1/1
null | 4.85% Cap Rate

8916 Doran Ave
Glendale, NY 11385


HIGHLIGHTS

  • Ideal Investment or 1031 exchange

OVERVIEW

Ideal long-term investment with upside in property prices. Great for a secure 1031 investment with a 5% cash-on-cash return. Only 2 long-term tenants without dealing with NYS rent stabilization. Tenants pay their own utilities, including heat and hot water. Owner pays R.E and Water tax plus insurance. Low-maintenance property. This property is one of the best in Glendale, Queens, due to the unusual size of the lot: it is on a 63x90 lot. Another main feature is that it has 3-car indoor garages and an additional 8 on-site car spots.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$666 USD /SF

# OF UNITS

2

PRICE/UNIT

$799,500

CAP RATE

4.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Doran

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,681 SF

ZONING

R4-1

APN/PARCEL ID

03873-0010

ASK ABOUT THIS PROPERTY

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

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

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

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