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Renovated Multifamily Apartment Building
For Sale
$1,500,000

99-02 212th Street, Queens, NY 11429

Residential, High Ranch, Queens, NY

Property Size1,440 SF
Lot Size0.05 Acres
Price / SF$1,041
Days on Market147

Property Features for 99-02 212th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5
Interior features Refrigerator, Stove
Basement Finished
Subdivision Queens Village
Standard status Active
Size 1,440 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Annual Amount 15360

Building Details

Number of units 4
Flooring type Hardwood, Laminate
Building materials Brick
Roof type Rubber
Architectural style Ranch
Listing Agency: BRP Associates Inc
Listed By: Jean Paul Ho · License #JPH8888
Added: May 4 Changed: Sep 15 Last Checked: Sep 27 at 2:06AM
MLS# 501122

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,440-square-foot brick multifamily property at 99-02 212th Street features a 20-foot by 72-foot building on a 20.17-foot by 106-foot lot. The property includes hardwood and laminate flooring, refrigerators and stoves, a rubber roof, parking at the rear, and a full basement. Renovations include new windows throughout, updated apartments, a new gas line, electrical work, a gas boiler, a gas hot water heater, three additional hot water heaters, sidewalk and sewer line improvements, and exterior stucco work completed two years ago.

The property is located near Jamaica Ave, shopping, stores, and transportation. It is situated in an R3-2 zoning district and has a reported 7.67% cap rate.

Key Highlights

  • 1,440 SF brick multifamily property on a 20.17 ft x 106 ft lot
  • R3‑2 zoning designation
  • Updated apartments and brand‑new windows throughout the building

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Gym & Fitness Center Skin Care Clinic Parking Lot & Garage (Bike/Boat/Book/etc) Store Acupuncture

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

5
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,948
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - Brick multifamily property with updated interiors, parking, and a full basement in Queens Village.
Where is this multifamily property located?
The property is located at 99-02 212th Street Queens, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1,440 SF brick multifamily property on a 20.17 ft x 106 ft lot; R3‑2 zoning designation; Updated apartments and brand‑new windows throughout the building
More about this property
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