Back to Search

Queens Village Multifamily Investment Property

99-02 212th Street, Queens, NY 11429

View on Map

For Sale

$1,500,000

MULTI_FAMILY - Queens, NY

Property size:

1,440 SF

Lot size:

0.05 Acres

Price / SF:

$1,041/SF

HighLights

Fully rented 4‑family semi‑attached home with 5 units: one 3BR, two 2BR, and two 1BR units
Yearly rent roll $141,540 with annual expenses of $26,485 and NOI of $115,055 (cap rate 7.67%)
Renovated within the last 5 years: new gas line, electric, gas boiler/hot water heater, and 3 new hot water heaters
Building updates include brand‑new windows throughout, roof updated last year, and stucco on the side of the building done 2 years ago
Lot size 20.17 ft x 106 ft with building size 20 ft x 72 ft; R3‑2 zone
Parking in back plus a full basement; selling occupied as‑is (top floor front 2BR reportedly vacant)

We can help!

Listing Contact

Jean Paul Ho

For Sale

$1,500,000

MULTI_FAMILY - Queens, NY

Property size:

1,440 SF

Lot size:

0.05 Acres

Price / SF:

$1,041/SF

Added:: May 4, 2026
Days on Market:: 47
Last Refresh:: Jun 19 at 12:06 am

Property Features for 99-02 212th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 4
Rooms: Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 5
Interior features: Refrigerator, Stove
Basement: Finished
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

We can help!

Listing Contact

Jean Paul Ho

Listing agent Jean Paul Ho

Listing office BRP Associates Inc 2106 Bath Ave, Brooklyn, NY

Listing date May 4, 2026

MLS# 501122 Listing URL

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.

HighLights

Fully rented 4‑family semi‑attached home with 5 units: one 3BR, two 2BR, and two 1BR units
Yearly rent roll $141,540 with annual expenses of $26,485 and NOI of $115,055 (cap rate 7.67%)
Renovated within the last 5 years: new gas line, electric, gas boiler/hot water heater, and 3 new hot water heaters
Building updates include brand‑new windows throughout, roof updated last year, and stucco on the side of the building done 2 years ago
Lot size 20.17 ft x 106 ft with building size 20 ft x 72 ft; R3‑2 zone
Parking in back plus a full basement; selling occupied as‑is (top floor front 2BR reportedly vacant)

Overview

Located in Queens Village, this semi-attached four-family house is fully rented with tenants. Renovations were completed within the last 5 years. The property features one 3-bedroom apartment, two 2-bedroom apartments, and one 1-bedroom apartment, for a total of 5 units. 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, presenting an income opportunity. The yearly rent roll is $141,540.00, with expenses of $26,485 per year, resulting in a net operating income of $115,055.00 per year, with potential for upside and added value, yielding a 7.67% cap rate. Updates include a new gas line, electric system, gas boiler, gas hot water heater, sidewalk, sewer line, and roof. 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 work was completed on 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. The top floor front 2-bedroom apartment is vacant and newly renovated. The monthly income is $11,795, totaling $141,540 annually, with total expenses of $26,485 per year.

Property Profile Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.747045
Latitude: 40.71421

Nearby Similar for Sale

$999,000

2,880 SF

Spacious Two-Family Home in Queens

Semi-detached two-family home with income potential and convenient location.

10-37 BAY 31ST Street, Queens, NY 11691

View Details
$1,449,999

2,631 SF

Spacious Multifamily Home with Pool

Multifamily home in Queens with pool and ample parking.

125-11 7th Avenue, Queens, NY 11356

View Details
$999,000

3,705 SF

Brick Five-Unit Apartment Building

Five 1-bedroom apartments with two currently vacant, plus private driveway, garage, common laundry, and separate utilities.

137-16 88th Street, Queens, NY 11417

View Details
$2,480,000

4,097 SF

Detached Brick Two-Family Residence

Fully detached two-family brick home with side-by-side living, double-height space, balconies, and a private driveway.

1124 128th Street, Queens, NY 11356

View Details
$1,788,000

2,650 SF

Desirable Jackson Heights Multi-Family Home

Well-maintained triplex in Jackson Heights with tenant or vacant options.

77-16 25th Avenue, Queens, NY 11370

View Details
$1,680,000

4,300 SF

Upgraded Six-Family Residence, Queens

Income-producing six-family property with recent upgrades and private parking.

22-08 120th Street, Queens, NY 11356

View Details
$1,250,000

2,178 SF

Queens Two-Family Home Value-Add Opportunity

Two-family home on a 48' x 100' lot.

23-40 124th Street, Queens, NY 11356

View Details
$900,000

2,206 SF

Renovated Triplex in Queens, NY

Newly renovated triplex with versatile living spaces in Queens.

341 Beach 67th Street, Queens, NY 11692

View Details
$15,000,000

21,445 SF

NYU Medical Investment Opportunity

Fully leased medical office building in Queens, NY.

228-02 Merrick Boulevard, Queens, NY 11413

View Details
$1,500,000

1,210 SF

Newly Renovated Two-Family Duplex

Two-family home with newly updated interiors, five-car parking, and a fully finished basement with back entrance.

140-14 Charles Lane, Queens, NY 11413

View Details
$4,599,000

5,220 SF

Sunnyside Corner Commercial Property For Sale

Income-producing property with gas station, convenience store, and repair shop.

39-04 Skillman Ave, Queens, NY 11104

View Details
$1,999,888

4,500 SF

Mixed-Use Retail and Apartments

Low-rise mixed-use building with a ground-floor storefront and four rental apartments plus basement storage.

92-06 95th Avenue, Queens, NY 11416

View Details

For sale
Apartment buildings
NY
Queens
11429
99-02 212th Street

What type of property is this?

Apartment building - Fully rented, renovated four-family house in Queens Village.

Where is this apartment building 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: Fully rented 4‑family semi‑attached home with 5 units: one 3BR, two 2BR, and two 1BR units; Yearly rent roll $141,540 with annual expenses of $26,485 and NOI of $115,055 (cap rate 7.67%); Renovated within the last 5 years: new gas line, electric, gas boiler/hot water heater, and 3 new hot water heaters

99-02 212th Street, Queens, NY 11429

MULTI_FAMILY - Queens, NY

Property Features for 99-02 212th Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Spacious Two-Family Home in Queens

Spacious Multifamily Home with Pool

Brick Five-Unit Apartment Building

Detached Brick Two-Family Residence

Desirable Jackson Heights Multi-Family Home

Upgraded Six-Family Residence, Queens

Queens Two-Family Home Value-Add Opportunity

Renovated Triplex in Queens, NY

NYU Medical Investment Opportunity

Newly Renovated Two-Family Duplex

Sunnyside Corner Commercial Property For Sale

Mixed-Use Retail and Apartments

FAQs

Create New Password