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40-19 99 St Queens, NY 11368

OFF-MARKET Apartment buildings Google Maps
12,480 SF 0.11 ac lot Built 1931
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Year built 1931
Total area 12,480 SF
Lot 0.11 ac (4,792 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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