39-18 61 St Queens, NY 11377
- Apartment buildings
- 4,128 SF
Current Use by Public Records
- Apartment buildings
Property Details for 39-18 61 St
- Year built
- 1930
- Property size
- 4,128 SF
- Property type
- Apartment buildings
Description
This exceptional three-family home presents a compelling investment opportunity in the heart of Woodside, Queens. The property, built in 1930, boasts a total of 4,128 square feet, with 3,024 square feet of net rentable space. Each of the three units offers a spacious layout, including a living room/dining room, eat-in kitchen, three bedrooms, and a full bathroom. The full basement provides additional space, featuring a utility room, family room, and separate entrance with backyard access. The building sits on a 2,500 square foot lot and is zoned R5B. Currently operating at 100% occupancy, this property generates a strong 6.00% cap rate, with an asking price of $1,799,000 ($599,666.67 per unit and $435.80 per square foot). Its central Woodside location offers unparalleled convenience, situated just half a block from the LIRR and the #7 train at the Woodside station. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a highly desirable and rapidly appreciating neighborhood. The property's strong cash flow and prime location make it an ideal investment for both seasoned and new investors seeking a stable and profitable asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9029
- Latitude
- 40.7467
