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Multifamily

NYC Multifamily with Development Site

103-10 101st St, Queens, NY 11417

Listing Price: $2,550,000

Cap Rate
5.24%
Number of Units
7
Occupancy
100.0%
Price/Unit
$364,286

Investment Overview

Marcus & Millichap is pleased to offer for sale a Multi-Family Property with three buildings and a development parcel located at 100-08, 100-10, 100-12 103rdAve and 103-10 101st St, Ozone Park, NY 11417. (Block & Lots: 09504-0004, 09504-0003, 09504-0006, 09504-0002). The total square footage is 5,700 SqFt with lot dimensions of 60.81 feet x 100.09 feet totaling 6,086 SqFt. Zoned for M1. The subject property is just a Five-Minute Walk to 104th/Oxford Subway Station. Property Includes a 1,969± Square Foot Development Parcel with approved plans for a 3,364± Square Foot Two Story Building with Cellar.

Investment Highlights

  • Subject Property Features Three Residential Buildings with 5,700 Square-Feet of Gross Leasable Area Positioned on a 0.13-Acre Hard Corner Lot with On-Site Parking and Land for Development
  • Asset Includes Seven Free Market, Fully Renovated Residential Units with Upside in Increasing Below Market Rents, with Well Laid Out Apartments | Lot and Building Dimensions are 60.81 Feet by 100 Feet
  • Property Includes a 1,969± Square Foot Development Parcel with approved plans for a 3,364± Square Foot Two Story Building with Cellar
  • Population of 105,006 Residents with an Average Household Income of $91,345 within One Mile, Compared to the Current U.S. Average of $65,694
  • Property is a 50 Minute Drive to Manhattan and Also Accessible Via A-Train with Transportation Infrastructure and Access to Many East River Crossings
  • Subject is Conveniently Located within a Five-Minute Walk to 104St/Oxford Subway Station (817 Daily Passengers) and Rockaway Blvd Station (3,365 Daily Passengers), with Tremendous Annual Ridership of Over 1.28 Million Passengers Yearly | Also Nearby is Bus Stop Q112 (1,964 Daily Passengers) and Route Q8 (4,938 Daily Passengers)

Exclusively Listed By

Multifamily

NYC Multifamily with Development Site

Listing Price: $2,550,000

Cap Rate
5.24%
Number of Units
7
Occupancy
100.0%
Price/Unit
$364,286

Investment Highlights

  • Subject Property Features Three Residential Buildings with 5,700 Square-Feet of Gross Leasable Area Positioned on a 0.13-Acre Hard Corner Lot with On-Site Parking and Land for Development
  • Asset Includes Seven Free Market, Fully Renovated Residential Units with Upside in Increasing Below Market Rents, with Well Laid Out Apartments | Lot and Building Dimensions are 60.81 Feet by 100 Feet
  • Property Includes a 1,969± Square Foot Development Parcel with approved plans for a 3,364± Square Foot Two Story Building with Cellar
  • Population of 105,006 Residents with an Average Household Income of $91,345 within One Mile, Compared to the Current U.S. Average of $65,694
  • Property is a 50 Minute Drive to Manhattan and Also Accessible Via A-Train with Transportation Infrastructure and Access to Many East River Crossings
  • Subject is Conveniently Located within a Five-Minute Walk to 104St/Oxford Subway Station (817 Daily Passengers) and Rockaway Blvd Station (3,365 Daily Passengers), with Tremendous Annual Ridership of Over 1.28 Million Passengers Yearly | Also Nearby is Bus Stop Q112 (1,964 Daily Passengers) and Route Q8 (4,938 Daily Passengers)

Investment Overview

Marcus & Millichap is pleased to offer for sale a Multi-Family Property with three buildings and a development parcel located at 100-08, 100-10, 100-12 103rdAve and 103-10 101st St, Ozone Park, NY 11417. (Block & Lots: 09504-0004, 09504-0003, 09504-0006, 09504-0002). The total square footage is 5,700 SqFt with lot dimensions of 60.81 feet x 100.09 feet totaling 6,086 SqFt. Zoned for M1. The subject property is just a Five-Minute Walk to 104th/Oxford Subway Station. Property Includes a 1,969± Square Foot Development Parcel with approved plans for a 3,364± Square Foot Two Story Building with Cellar.

Exclusively Listed By

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