5-Unit Apartment
For Sale
$1,500,000
99-02 212th Street, Queens, NY 11429
MULTI_FAMILY - Queens, NY
Property Size1,440 SF
Lot Size0.05 Acres
Price / SF$1,041
Days on Market98
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
Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 8
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
Laminate, Hardwood
Building materials
Brick
Roof type
Rubber
Architectural style
Ranch
Listing Agency:
BRP Associates Inc
(718) 713-6888
Listed By:
Jean Paul Ho
(718) 713-6888
Added: May 4
Changed: Aug 3
Last Checked: Aug 9 at 6:06AM
MLS# 501122
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Investment Insights
Based on property information with market context.
This 5-unit, semi-attached brick apartment building is configured with one 3-bedroom apartment, two 2-bedroom apartments, and one 2-bedroom front apartment and one 1-bedroom pair (for a total of 5 units). The property was renovated within the last five years from top to bottom. Reported updates include new gas line, electric, gas boiler and gas hot water heater components, sidewalk, sewer line, roof replacement, and three new hot water heaters. The building also has brand-new windows throughout and stucco work completed on the side of the building two years ago. The roof was updated last year, and the current interiors include hardwood and laminate flooring, with in-unit items such as a refrigerator and stove. A full basement and parking in back are included.
The property is in an R3-2 zone. The top floor front 2-bedroom unit is described as vacant, while the remainder is described as leased with paying tenants. It is listed for sale as-is, with access to nearby retail, shopping, and transportation.
Financial details provided include a reported yearly rent roll of $141,540 with expenses of $26,485 and NOI of $115,055, and an indicated cap rate of 7.67%.
The property is in an R3-2 zone. The top floor front 2-bedroom unit is described as vacant, while the remainder is described as leased with paying tenants. It is listed for sale as-is, with access to nearby retail, shopping, and transportation.
Financial details provided include a reported yearly rent roll of $141,540 with expenses of $26,485 and NOI of $115,055, and an indicated cap rate of 7.67%.
Key Highlights
- 5‑unit layout: 1 three‑bedroom, 2 two‑bedroom, and 2 one‑bedroom apartments
- 0.049‑acre lot with 20.17 ft x 106 ft dimensions
- Building size 20 ft x 72 ft with brick construction and rubber roof
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,948
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?
Apartment building - Brick ranch with R3-2 zoning, full basement, and parking in back, renovated within the last five years.
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: 5‑unit layout: 1 three‑bedroom, 2 two‑bedroom, and 2 one‑bedroom apartments; 0.049‑acre lot with 20.17 ft x 106 ft dimensions; Building size 20 ft x 72 ft with brick construction and rubber roof
