35-63 90 St Queens, NY 11372
- Apartment buildings
- 34,470 SF
Current Use by Public Records
- Apartment buildings
Property Details for 35-63 90 St
- Year built
- 1926
- Property size
- 34,470 SF
- Property type
- Apartment buildings
Description
This exceptional 36-unit apartment building, located at 35-63 90th Street in Queens, NY, presents a compelling investment opportunity. Boasting 34,470 square feet, this four-story building was constructed in 1926 and sits on a prime corner lot. The property is currently 95% occupied, generating significant cash flow, and features a remarkable 95% of residential units operating on a free-market basis. With 36 units, the asking price is $10,950,000, translating to a price per square foot of $317.67 and a price per unit of $304,166.67. The building is zoned R7-1, C1-4, offering potential for future development or expansion. This represents a rare opportunity, as this is the first time the property has been offered for sale in over 40 years. The building's strong occupancy rate, prime location, and substantial cash flow make it an attractive investment for discerning buyers seeking a stable and profitable multifamily asset in a thriving Queens neighborhood. The property's address is 35-63 90th Street, Queens, NY 11372.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8766
- Latitude
- 40.7508
