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Multifamily

31-15 32nd Street

31-15 32nd St, Queens, NY 11106

Listing Price: $6,650,000

Cap Rate
6.00%
Number of Units
25
GRM
9.42
Price/Unit
$266,000
Price/Gross SF
$485.58
Gross SF
13,695

Investment Overview

Marcus and Millichap is pleased to offer 31-15 32nd Street, a rare opportunity to acquire a stabilized, income-generating multifamily building in the heart of Astoria, one of Queens’ most vibrant and desirable neighborhoods. This 25-unit, fully residential building presents solid in-place income with room for upside.

Investment Highlights

  • 31-15 32nd Street is a 25 unit multi-family home spanning 5 stories at approximately 13,695 sq ft.
  • Unit Mix of Studios, 1BRs, and 2BRs - 5 Rent Stablized, 20 Free Market
  • Just minutes from Manhattan with close proximity to N/W subway lines, this listing is surrounded by Astoria's top-rated restaurants, parks, and cultural destinations.

Exclusively Listed By

Financing By

Multifamily

31-15 32nd Street

Listing Price: $6,650,000

Cap Rate
6.00%
Number of Units
25
GRM
9.42
Price/Unit
$266,000
Price/Gross SF
$485.58
Gross SF
13,695

Investment Highlights

  • 31-15 32nd Street is a 25 unit multi-family home spanning 5 stories at approximately 13,695 sq ft.
  • Unit Mix of Studios, 1BRs, and 2BRs - 5 Rent Stablized, 20 Free Market
  • Just minutes from Manhattan with close proximity to N/W subway lines, this listing is surrounded by Astoria's top-rated restaurants, parks, and cultural destinations.

Investment Overview

Marcus and Millichap is pleased to offer 31-15 32nd Street, a rare opportunity to acquire a stabilized, income-generating multifamily building in the heart of Astoria, one of Queens’ most vibrant and desirable neighborhoods. This 25-unit, fully residential building presents solid in-place income with room for upside.

Exclusively Listed By

Financing By

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