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Multifamily

27-08 39th Ave

27-08 39th Ave, Queens, NY 11101

Listing Price: $10,600,000

Cap Rate
4.76%
Number of Units
40
Price/Unit
$265,000
Price/Gross SF
$501.78
Gross SF
21,125

Investment Overview

Marcus & Millichap is pleased to offer 2708 39th Avenue, located between 27th Street and 28th Street in the Long Island City section of Queens, New York. The subject property, 2708 39th Avenue, is a five-story multifamily building that consists of 5 studios, 32 one-bedroom and 3 two-bedroom apartments. The property is built 75 feet by 80 feet and sits on a 75 foot by 100.83 foot lot with approximately 25,125 gross square feet. The property is zoned M1-2/R5D. (Block: 397, Lot: 14) This property offers investors the rare opportunity to purchase an 80% Free Market 40 Unit multifamily building made up of primarily 1 bedrooms and studios in Long Island City.

Investment Highlights

  • Rare 80% Free Market 40 Unit Multifamily Building
  • Only Two Subway Stops into Manhattan | Four Blocks to N & W Subway Lines
  • There are Thirty-Two Free Market Apartments | There are Eight Rent Stabilized Apartments

Exclusively Listed By

  • Matt Fotis

    Licensed Associate Real Estate Broker

    (212) 430-5234

    Email Matt

    License(s): NY: 10301207136

    Manhattan

  • Lazarus Apostolidis

    Licensed Associate Real Estate Broker

    (212) 430-5233

    Email Lazarus

    License(s): NY: 10301211057, NY: 10311205482

    Manhattan

Multifamily

27-08 39th Ave

Listing Price: $10,600,000

Cap Rate
4.76%
Number of Units
40
Price/Unit
$265,000
Price/Gross SF
$501.78
Gross SF
21,125

Investment Highlights

  • Rare 80% Free Market 40 Unit Multifamily Building
  • Only Two Subway Stops into Manhattan | Four Blocks to N & W Subway Lines
  • There are Thirty-Two Free Market Apartments | There are Eight Rent Stabilized Apartments

Investment Overview

Marcus & Millichap is pleased to offer 2708 39th Avenue, located between 27th Street and 28th Street in the Long Island City section of Queens, New York. The subject property, 2708 39th Avenue, is a five-story multifamily building that consists of 5 studios, 32 one-bedroom and 3 two-bedroom apartments. The property is built 75 feet by 80 feet and sits on a 75 foot by 100.83 foot lot with approximately 25,125 gross square feet. The property is zoned M1-2/R5D. (Block: 397, Lot: 14) This property offers investors the rare opportunity to purchase an 80% Free Market 40 Unit multifamily building made up of primarily 1 bedrooms and studios in Long Island City.

Exclusively Listed By

  • Matt Fotis

    Licensed Associate Real Estate Broker

    (212) 430-5234

    Email Matt

    License(s): NY: 10301207136

    Manhattan

  • Lazarus Apostolidis

    Licensed Associate Real Estate Broker

    (212) 430-5233

    Email Lazarus

    License(s): NY: 10301211057, NY: 10311205482

    Manhattan

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