35-06 88 St Queens, NY 11372

Property Details for 35-06 88 St

Year built

1938

Property size

53,268 SF

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents a 42-unit apartment building located at 35-06 88th Street, Unit 4B, in Queens, New York, 11372. The property, built in 1938, boasts a total of 53,268 square feet across six stories within a single building situated on an 11,500 square foot lot. The building features a coveted elevator, a significant amenity for residents. Classified as a Class D building, it offers substantial potential for value appreciation and strong rental income. The property is zoned R7-1/R5, providing flexibility for future development or renovations. The building includes a voice intercom system and allows pets. Verizon FiOS provides cable and internet access. This pre-war building presents a unique blend of classic charm and modern convenience, making it an attractive option for a wide range of tenants. The building's strong occupancy rate and established tenant base contribute to its financial stability. This is a rare opportunity to acquire a well-maintained, income-generating multifamily property in a desirable Queens location. The building's size and unit count offer significant scale for investors seeking a substantial return on investment. The property's location offers easy access to public transportation, local amenities, and major roadways. This is an ideal investment for those seeking a stable and profitable addition to their portfolio.