40-19 99 St Queens, NY 11368
- Apartment buildings
- 12,480 SF
- 0.11 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 40-19 99 St
- Year built
- 1931
- Lot size
- 0.11 lot acres
- Property size
- 12,480 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a four-story apartment building ideally situated in Queens, New York, at 40-19 99th Street, zip code 11368. The property boasts a substantial 12,480 square feet of space, constructed in 1931, and sits on a 0.11-acre lot. Zoned R6B, this multifamily building offers significant potential for investors seeking a net lease property. Its prime location offers unparalleled convenience, just minutes from LaGuardia Airport and within close proximity to the burgeoning commercial development at Willets Point, Flushing. Residents enjoy easy access to public transportation via the 7 train at Roosevelt Avenue, and a wealth of local amenities including numerous restaurants. The building's proximity to PS 19Q adds to its appeal. Detailed financial information regarding income and expenses is available upon request. This is a rare chance to acquire a well-positioned, established apartment building in a rapidly developing area of Queens. The asking price for this net lease investment is $2,650,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.866
- Latitude
- 40.749
