Renovated Legal 4-Family
99-02 212 St, Queens Village, NY 11429
Multi-Unit (2-4) - Queens Village, NY
Property size:
1,440 SFLot size:
0.05 AcresPrice / SF:
$1,041/SF- Added:
- Sep 19, 2025
- Days on Market:
- 242
- Last Refresh:
- May 18 at 8:06 pm
Property Features for 99-02 212 St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Architectural style
- Other
Listing agent Jean Paul Ho (718) 875-8899
Listing office BROOKLYN REAL PROPERTY INC 389 ATLANTIC AVE, Brooklyn, NY (718) 875-8899
Listing date Sep 19, 2025
MLS# 11577697
Listing URL
Copyright © 2026 My State MLS. 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: $141,540 annual rent roll with a 7.67% cap rate and $115,055 net operating income.
- Legal 4‑Family House: Fully rented with great paying tenants in a desirable Queens Village location.
- Recently Renovated: Updated within the last 5 years, including roof, windows, and stucco.
- Turnkey Investment: Selling occupied with paying tenants, providing immediate income.
- Multiple Unit Configuration: Includes one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom apartment.
- Convenient Location: Near Jamaica Ave, stores, shopping, and transportation, plus parking in the back and a full basement.
Overview
This is a renovated, semi-attached, legal 4-family house located in Queens Village. The property is fully rented with tenants. Renovations were completed within the last 5 years. The building contains one 3-bedroom apartment, two 2-bedroom apartments, and one 1-bedroom apartment. The lot size is 20.17 ft x 106 ft, and the building size is 20 ft x 72 ft. It is located in an R3-2 zone. The property offers an income opportunity with a yearly rent roll of $141,540.00 and yearly expenses of $26,485, resulting in a NOI of $115,055.00 per year, with potential upside. The cap rate is 7.67%. The building has a gas boiler and gas hot water heater. The sidewalk, sewer line, and roof have been updated. 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 was applied to the side of the building two years ago. The property is being sold occupied with paying tenants, as is. There is parking in the back and a full basement. The property is near Jamaica Ave, stores, shopping, and transportation.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Queens Village
- County
- Queens
- State
- New York
- Longitude
- -73.74701
- Latitude
- 40.714171
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Mint condition, fully rented 4-family house in Queens Village.
Where is this quadplex located?
The property is located at 99-02 212 St Queens Village, 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: $141,540 annual rent roll with a 7.67% cap rate and $115,055 net operating income.; Legal 4‑Family House: Fully rented with great paying tenants in a desirable Queens Village location.; Recently Renovated: Updated within the last 5 years, including roof, windows, and stucco.
