Queens Village Multifamily Investment
99-02 212th Street, Queens, NY 11429
MULTI_FAMILY - Queens, NY
Property size:
1,440 SFLot size:
0.05 AcresPrice / SF:
$1,041/SF- Added:
- May 4, 2026
- Days on Market:
- 19
- Last Refresh:
- May 22 at 7:06 am
Property Features for 99-02 212th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15360
Building Details
- Number of units
- 4
- Flooring type
- Hardwood, Laminate
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Ranch
Listing agent Jean Paul Ho (718) 713-6888
Listing office BRP Associates Inc 2106 Bath Ave, Brooklyn, NY (718) 713-6888
Listing date May 4, 2026
MLS# 501122
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Income Potential: $115,055 Net Operating Income (NOI) per year with a 7.67% Cap Rate.
- Fully Rented with Upside: Property is fully rented with paying tenants and potential for increased value.
- Recently Renovated: Renovated within the last 5 years, including new gas line, electric, gas boiler, hot water heater, sidewalk, sewer line, roof, and windows.
- Multiple Units: Features a mix of apartment sizes (one 3‑bedroom, two 2‑bedroom, and two 1‑bedroom units - total 5 units).
- Convenient Location: Near Jamaica Ave, stores, shopping, and transportation.
- Additional Amenities: Parking in the back and a full basement.
Overview
Located in Queens Village, this semi-attached four-family house is fully rented with tenants. Renovations were completed within the last 5 years. The property features one 3-bedroom apartment, two 2-bedroom apartments, and one 1-bedroom apartment, for a total of 5 units. The lot size is 20.17 ft x 106 ft, and the building size is 20 ft x 72 ft. The property is zoned R3-2, presenting an income opportunity. The yearly rent roll is $141,540.00, with expenses of $26,485 per year, resulting in a net operating income of $115,055.00 per year, with potential for upside and added value, yielding a 7.67% cap rate. Updates include a new gas line, electric system, gas boiler, gas hot water heater, sidewalk, sewer line, and roof. Three new hot water heaters have been installed. All apartments have been updated, and the roof was updated last year. New windows have been installed throughout the building, and stucco work was completed on the side of the building two years ago. The property is being sold occupied with paying tenants, in as-is condition. There is parking in the back and a full basement. The property is located near Jamaica Ave, stores, shopping, and transportation. The top floor front 2-bedroom apartment is vacant and newly renovated. The monthly income is $11,795, totaling $141,540 annually, with total expenses of $26,485 per year.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.747045
- Latitude
- 40.71421
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully rented, renovated four-family house in Queens Village.
Where is this apartment building located?
The property is located at 99-02 212th Street Queens, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High Income Potential: $115,055 Net Operating Income (NOI) per year with a 7.67% Cap Rate.; Fully Rented with Upside: Property is fully rented with paying tenants and potential for increased value.; **Recently Renovated:** Renovated within the last 5 years, including new gas line, electric, gas boiler, hot water heater, sidewalk, sewer line, roof, and windows.
