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    86-30 Grand Ave, Unit 10 Flushing, NY 11373

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    For Sale
    $5,800,000

    Ten-unit multifamily building rebuilt in 2018 in a safe neighborhood.

    Lot size:
    0.15 Acres

    Property Features for 86-30 Grand Ave

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1945

    Source: Century 21 Sunshine Realty Agent Jimmy Q. Liu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rebuilt Multifamily Building in Queens

    This ten-unit building, completely rebuilt in 2018, is located in a safe residential neighborhood with convenient access to stores and transportation. The property features two 1-bedroom apartments, seven 2-bedroom apartments, and one studio. Six of the units include two bathrooms. All units are currently rented to responsible tenants at market prices, with tenants responsible for their own utilities. The apartments feature large windows for ample natural light, tiled floors, and stainless steel appliances. The building offers open city views. Transportation options include nearby subway and bus stations. Queens Shopping Center is located nearby, as are schools. The property benefits from low annual property taxes. There are four parking spaces located in the back of the property. The property features an extra-long lot with a large, uplifted, and landscaped front yard. The building size is 42x55. The property is suitable for both living and investment purposes and presents an excellent opportunity for a 1031 Tax Exchange.
    Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.919729
    Latitude
    40.716344

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit multifamily building rebuilt in 2018 in a safe neighborhood.
    Where is this apartment building located?
    The property is located at 86-30 Grand Ave, Unit 10 Flushing, NY.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: - Completely rebuilt in 2018.; - Ten units: Mix of 1BR, 2BR, and Studio apartments.; - All units currently rented to responsible tenants at market price.
    (718) 639-2100
    Request Owner's contact information
    86-30 Grand Ave, Unit 10 Flushing, NY 11373
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    Flushing, NY 11373
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    86-30 Grand Ave, Unit 10 Flushing, NY 11373
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