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Multifamily

104-30 39th Avenue

104-30 39th Ave, Queens, NY 11368

Listing Price: $2,000,000

Cap Rate
5.00%
Number of Units
8
GRM
9.54
Price/Unit
$250,000
Price/Gross SF
$320.00
Gross SF
6,250

Investment Overview

Marcus & millichap is pleased to offer 104-30 39th Avenue, a rare opportunity to acquire a fully free-market, eight-unit multifamily asset in a prime, transit-oriented Queens location. The property is being sold by the original developer and benefits from a fully expired421-A Tax Abatement, eliminating regulatory uncertainty and allowing for immediate free-market operation.

Investment Highlights

  • 104-30 39th Avenue, built in 2008, comprises 8-units (1 Bedroom & 2 Bedroom mix), approx. 6,250 SF.
  • Good Cause Eviction Exempt | Tax Class: 2B | Zoning R5A
  • 104-30 39th Avenue is located just steps from the 7 Train and Roosevelt Avenue at the 103 St–Corona Plaza station.

Exclusively Listed By

Financing By

Multifamily

104-30 39th Avenue

Listing Price: $2,000,000

Cap Rate
5.00%
Number of Units
8
GRM
9.54
Price/Unit
$250,000
Price/Gross SF
$320.00
Gross SF
6,250

Investment Highlights

  • 104-30 39th Avenue, built in 2008, comprises 8-units (1 Bedroom & 2 Bedroom mix), approx. 6,250 SF.
  • Good Cause Eviction Exempt | Tax Class: 2B | Zoning R5A
  • 104-30 39th Avenue is located just steps from the 7 Train and Roosevelt Avenue at the 103 St–Corona Plaza station.

Investment Overview

Marcus & millichap is pleased to offer 104-30 39th Avenue, a rare opportunity to acquire a fully free-market, eight-unit multifamily asset in a prime, transit-oriented Queens location. The property is being sold by the original developer and benefits from a fully expired421-A Tax Abatement, eliminating regulatory uncertainty and allowing for immediate free-market operation.

Exclusively Listed By

Financing By

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