Multifamily
87-87 116th Street
87-87 116th St, Queens, NY 11418
Listing Price: $4,000,000
Investment Overview
Marcus & Millichap proudly presents 87-87 116th Street, a remarkable investment opportunity located in the Richmond Hill submarket of Queens. The property is situated on the hard corner of 116th Street and 89th Avenue and boasts 24 units, and spans approximately 18,500 in Gross Square Ft. The building is 65' x 81' and sits on 65' x 90' lot (Block:09326 Lot:0053). The property is zoned R4A.
87-87 116th Street
Investment Highlights
- 87-87 116th Street is a 4-story multifamily building containing 24 vacant residential apartments. The unit mix consists of 4 two-bedroom apartments, and 20 one-bedroom apartments as well.
- Full Vacant allowing for immediate value-add opportunity.
- This property is located one block off Jamaica Ave., the main retail corridor in Richmond Hill with high foot traffic. Additionally, the property is steps away from the J & Z subway lines.
Listing Price: $4,000,000
Investment Highlights
- 87-87 116th Street is a 4-story multifamily building containing 24 vacant residential apartments. The unit mix consists of 4 two-bedroom apartments, and 20 one-bedroom apartments as well.
- Full Vacant allowing for immediate value-add opportunity.
- This property is located one block off Jamaica Ave., the main retail corridor in Richmond Hill with high foot traffic. Additionally, the property is steps away from the J & Z subway lines.
Investment Overview
Marcus & Millichap proudly presents 87-87 116th Street, a remarkable investment opportunity located in the Richmond Hill submarket of Queens. The property is situated on the hard corner of 116th Street and 89th Avenue and boasts 24 units, and spans approximately 18,500 in Gross Square Ft. The building is 65' x 81' and sits on 65' x 90' lot (Block:09326 Lot:0053). The property is zoned R4A.
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