Property summary
This exceptional Queens investment opportunity presents a fully rented five-unit apartment building situated on a 20.17 ft x 106 ft lot. The building itself measures 20 ft x 72 ft and boasts a desirable R3-2 zoning classification. The property comprises five apartments: one three-bedroom unit, two two-bedroom units, and two one-bedroom units. This multifamily property has undergone a complete top-to-bottom renovation within the last five years, ensuring modern amenities and reduced maintenance needs. Currently generating a substantial monthly rental income of $7,000, this property is being sold as-is, occupied with paying tenants. The building consists of five units across two stories, and is a semi-attached corner property. This presents a strong cash flow opportunity for investors seeking a stable and profitable addition to their portfolio. The property's location in Queens, New York, at 99-02 212th Street, zip code 11429, offers convenient access to local amenities and transportation. The asking price for this lucrative investment is $1,500,000.
Property profile
VerifiedCap rate & NOI
Location
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
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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
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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.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning