31-34 Greenpoint Ave Queens, NY 11101

This exceptional investment opportunity presents a three-story, 12-unit apartment building located at 31-34 Greenpoint Avenue in Queens, NY, 11101. The property boasts 8,550 square feet and is currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $243,241, representing a 6.40% cap rate. A pro-forma NOI of $145,072 and a pro-forma cap rate of 6.60% are also projected. The asking price is $2,200,000, translating to $183,333 per unit and $257 per square foot. The building is zoned M1-1 and features a total of 12 units within a single building. Local Law 152 gas inspections were completed in 2023. All units are rent-stabilized. This property presents a compelling investment opportunity in a desirable Queens location. The property is situated in Sunnyside, Queens, between Starr and Review Avenues. The building is a walk-up. Taxes are $28,625.