Property summary
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
VerifiedCap rate & NOI
Current use
-
(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
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.