Queens Village Legal Four
For Sale
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99-02 212th St, Queens Village, NY 11429
Mint condition, fully rented four-family house in Queens Village.
Property Size1,440 SF
Lot Size0.05 Acres
Days on Market1212
Property Features for 99-02 212th St
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.05 Acres
Property subtype
Multifamily
Zoning
R3-2
Building Details
Buildings
5
Stories
2
Listing Agency:
BROOKLYN REAL PROPERTY INC
(718) 713-6888
Listed By:
Jean Paul Ho
Source:
Crexi
Added: Apr 27, 2023
Changed: Aug 16
Last Checked: Aug 19 at 12:46PM
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 BROOKLYN REAL PROPERTY INC
Investment Insights
Based on property information with market context.
This is a legal four-family, semi-attached 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. The property is zoned R3-2. The yearly rent roll is $141,540.00, with annual expenses of $26,485, resulting in a net operating income of $115,055. 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, in as-is condition. There is parking in the back and a full basement. The property is located near Jamaica Ave, stores, shopping, and transportation.
Key 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.
- Recently Renovated: Updated within the last 5 years, including roof, windows, and stucco.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Mint condition, fully rented four-family house in Queens Village.
Where is this quadplex located?
The property is located at 99-02 212th St Queens Village, NY.
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.; Recently Renovated: Updated within the last 5 years, including roof, windows, and stucco.
