162-30 86 Ave Queens, NY 11432

Property Details for 162-30 86 Ave

Year built

1931

Lot size

0.14 lot acres

Property size

7,080 SF

Property type

Apartment buildings

Description

This exceptional 9-unit apartment building presents a compelling investment opportunity in the heart of Queens, New York. Located at 162-30 86 Avenue, this well-maintained property boasts a total of 7,080 square feet and sits on a 0.14-acre lot. Constructed in 1931, the four-story building is zoned R4A, offering potential for future development or expansion. The property currently houses nine spacious apartments, providing a consistent stream of rental income. Five on-site parking spaces are available for residents. Its convenient location offers tenants easy access to a variety of amenities, including shops, restaurants, and parks. Excellent schools and convenient public transportation, including the Q64 bus and the E/F train lines, further enhance the property's appeal. This property represents a rare blend of residential comfort and prime location, making it an ideal investment for discerning buyers seeking strong returns in a thriving market. The asking price is $3,200,000. This is a turn-key opportunity with significant potential for long-term growth and profitability. The property's solid construction and desirable location ensure a stable and attractive investment for years to come. Don't miss this chance to acquire a well-established multifamily property in a highly sought-after Queens neighborhood.