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Three-Story Apartment Building with 8 Units
For Sale
$2,500,000

6229 102nd St, Rego Park, NY 11374

1983-built, three-story apartment building offering eight free-market rental units.

Property SizeContact for details
Days on Market243

Property Features for 6229 102nd St

General Information

Standard status Active

Additional Details

Multifamily Units 8

Taxes and HOA fees

Annual Taxes $43,411

Building Details

Year Built 1983
Stories 3
Tenancy Multi
Listing Agency: Chase Global Realty Corp
Listed By: John Z. Liu CBR · License #10301223234
Source: Exprealty
Added: Jan 6 Changed: Sep 5 Last Checked: Sep 5 at 12:14PM

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 Chase Global Realty Corp

Investment Insights

Based on property information with market context.

This three-story apartment building was built in 1983 and contains eight rental units. The property is configured as a small multifamily asset and is positioned for free-market rent collection.

Located at 6229 102nd St in Rego Park, NY, the building presents an income-oriented residential income opportunity for buyers seeking a straightforward eight-unit structure. The offering is presented as a complete, ready-to-own investment property.

Key Highlights

  • 1983‑built, three‑story apartment building
  • 8‑unit multifamily property with free‑market rents
  • Low operating expenses and an attractive cap rate (as stated)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Bar & Pub Gym & Fitness Center Hotel & Motel Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,905
Businesses Nearby

Demographics for 11374, NY

47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 1983-built, three-story apartment building offering eight free-market rental units.
Where is this apartment building located?
The property is located at 6229 102nd St Rego Park, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1983‑built, three‑story apartment building; 8‑unit multifamily property with free‑market rents; Low operating expenses and an attractive cap rate (as stated)
More about this property
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