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Multifamily

27-08 39th Ave

27-08 39th Ave, Queens, NY 11101

Listing Price: $10,900,000

Cap Rate
4.76%
Number of Units
40
Price/Unit
$272,500
Price/Gross SF
$515.98
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 small one bedrooms, 32 one bedrooms 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 one bedrooms in the Long Island City section of Queens, New York.

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 l There are Eight Rent Stabilized Apartments
  • Spacious Prewar Apartments with Updated Finishes
  • Attractive Unit Mix of 1 Bedrooms and Studios
  • M1-2/R5D, LIC Zoning, Zero Additional Available Air Rights

Exclusively Listed By

Listing Price: $10,900,000

Cap Rate
4.76%
Number of Units
40
Price/Unit
$272,500
Price/Gross SF
$515.98
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 l There are Eight Rent Stabilized Apartments
  • Spacious Prewar Apartments with Updated Finishes
  • Attractive Unit Mix of 1 Bedrooms and Studios
  • M1-2/R5D, LIC Zoning, Zero Additional Available Air Rights

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 small one bedrooms, 32 one bedrooms 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 one bedrooms in the Long Island City section of Queens, New York.

Exclusively Listed By

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