140-27 183Rd St Springfield Gardens, NY 11413
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Two-unit apartment building, strong ROI.
Property size:
2,700 SFProperty Features for 140-27 183Rd St
General Information
- Property type
- Multifamily properties
- Square Feet
- 2,700 SF
Building Details
- Year Built
- 1950
- Stories
- 2
- Units
- 2
Listing Agency: Premiere Property Group, LLC Listing Agent: Shawn Sadaghati
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a two-unit apartment building situated in the desirable Springfield Gardens/Rochdale neighborhood of Queens, New York. The property, located at 140-27 & 140-29 183rd Street, boasts a total of 2,700 square feet, encompassing two 2-bedroom units spread across two stories. Built in 1950, this property includes a full basement and a backyard, adding to its appeal. Both units are rent-stabilized, providing a stable income stream. The asking price is $449,000, representing a compelling price per square foot of $166.30 and a 4.91% capitalization rate, with a Net Operating Income (NOI) of $22,057.32. The property is zoned R3-2. Its convenient location offers easy access to the Belt Parkway and Long Island Railroad, ensuring excellent commuting options. Residents enjoy proximity to numerous shopping centers, including supermarkets, banks, gyms, and restaurants. Furthermore, the property's close proximity to JFK Airport enhances its desirability. This is a rare chance to acquire a well-located, income-producing multifamily property in a thriving Queens neighborhood.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Springfield Gardens
- County
- Queens
- State
- New York
- Longitude
- -73.7606794
- Latitude
- 40.6714818
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FAQs
What type of property is this?
Multifamily property - Two-unit apartment building, strong ROI.
Where is this multifamily property located?
The property is located at 140-27 183Rd St Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Two-unit apartment building in desirable Springfield Gardens/Rochdale, Queens.; 2,700 sq ft building with two 2-bedroom units, full basement, and backyard.; Rent-stabilized units provide stable income.