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    OFF-MARKET
    Apartment buildings

    95-16 87 St, Queens, NY 11416

    6,061 SF Built 2007
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two adjoining, fully leased Class A multifamily buildings located at 95-16 & 95-18 87th Street in Ozone Park, Queens, NY 11416. Built in 2007, this stabilized property boasts a total of 6 free-market units across three stories, encompassing 6,061 square feet. Each unit offers a desirable three-bedroom layout, catering to a strong rental demand. The asking price is $2,500,000, translating to $412.47 per square foot and $416,667 per unit. Currently operating at 100% occupancy, this property offers immediate cash flow. All utilities are separately metered for efficient management and tenant accountability. Convenient amenities include on-site parking and storage areas for tenants. The property's prime location offers easy access to Rockaway Boulevard, Atlantic Avenue, and Liberty Avenue, providing residents with convenient transportation and access to local amenities. This is a rare opportunity to acquire a high-quality, well-maintained multifamily property in a desirable Queens neighborhood. The strong rental market and efficient building design make this an attractive investment for both seasoned and new investors seeking a stable and profitable venture.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 2007
    Total area 6,061 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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