Brick Multifamily
For Sale
Contact for pricing
58-16 85th St, Flushing, NY 11379
Free-market 15-unit brick building with updated kitchens and bathrooms, plus on-site laundry and security cameras.
Property SizeContact for details
Lot Size0.09 Acres
Days on Market123
Property Features for 58-16 85th St
General Information
Standard status
Active
Lot size
0.09 Acres
Property subtype
Multifamily
Zoning
R4
Additional Details
Cap Rate
6.1%
Multifamily Units
15
Amenities
security camera system
laundry room
Building Details
Tenancy
Multi
Listing Agency:
Capri Jet Realty Corp
(718) 388-2188
Listed By:
Agata Landa · License #NY 10401298444
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 6:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capri Jet Realty Corp
Investment Insights
Based on property information with market context.
This brick multifamily property contains 15 free-market units configured as four studios and eleven one-bedroom apartments. Each unit features hardwood floors with updated kitchens and bathrooms. The building also includes a dedicated laundry room with new washer and dryer units and a security camera system.
The property includes a 40 x 50 ft building footprint on a 40 x 96 ft lot. Zoning is listed as R4.
Offered with the stated current and projected operating figures, the listing reports annual income of $263,400, with annual expenses of $84,852.46 and net income of $206,747.54, as well as a 6.1% cap rate and a projected 6.5% cap rate.
The property includes a 40 x 50 ft building footprint on a 40 x 96 ft lot. Zoning is listed as R4.
Offered with the stated current and projected operating figures, the listing reports annual income of $263,400, with annual expenses of $84,852.46 and net income of $206,747.54, as well as a 6.1% cap rate and a projected 6.5% cap rate.
Key Highlights
- Free‑market 15‑unit brick multifamily in Middle Village, Queens: 4 studios and 11 one‑bedroom apartments
- All units have hardwood floors with updated kitchens and bathrooms
- Current annual income $263,400; projected annual income $300,000 (+) with annual expenses $84,852.46
Property Analytics
Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Free-market 15-unit brick building with updated kitchens and bathrooms, plus on-site laundry and security cameras.
Where is this apartment building located?
The property is located at 58-16 85th St Flushing, NY.
What are key features of this property?
This property features: Free‑market 15‑unit brick multifamily in Middle Village, Queens: 4 studios and 11 one‑bedroom apartments; All units have hardwood floors with updated kitchens and bathrooms; Current annual income $263,400; projected annual income $300,000 (+) with annual expenses $84,852.46
