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    14661 105 Ave Queens, NY 11435

    Sponsored
    For Sale
    $2,800,000

    7-unit apartment building, 100% occupancy.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Queens, NY, presents a well-maintained, 7-unit apartment building constructed in 2017. This four-story building boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $264,096. The property sits on a 2,025 square foot lot and is zoned R6A, C2-4. The building comprises seven beautifully designed one-bedroom apartments, each featuring modern finishes and high-quality appliances. Third and fourth-floor units offer private balconies. One unit is handicap accessible. Conveniently located near public transportation, including the subway at Archer Ave and Sutphin Blvd, ensuring easy commuting for residents. The building benefits from a 421A tax abatement program extending until 2058, offering significant long-term tax advantages. This property represents a strong cash flow opportunity with significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $2,800,000. This is a rare opportunity to acquire a high-performing multifamily asset in a desirable Queens location.

    Property Features for 14661 105 Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2017
    Stories
    4

    HighLights

    • 421‑a tax abatement, 35‑year term expiring 2058, includes affordable housing component.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.803879257558
    Latitude
    40.695504387254

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    FAQs

    What type of property is this?
    Multifamily property - 7-unit apartment building, 100% occupancy.
    Where is this multifamily property located?
    The property is located at 14661 105 Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 421-a tax abatement, 35-year term expiring 2058, includes affordable housing component.; ;
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14661 105 Ave Queens, NY 11435
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