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Property profile & analytics
OFF-MARKET
Apartment buildings

33-53 Prince St Queens, NY 11354

6,000 SF
Property ID
Property summary
AI-generated overview

This exceptional 13-unit apartment building presents a compelling investment opportunity in the vibrant heart of Downtown Flushing, Queens, NY. Located at 33-53 Prince Street, this three-story Class C building boasts 6,000 square feet of gross building area situated on a sizable 5,650 square foot lot (approximately 76.5' x 142'). The property is zoned M2-1, offering potential for future development or expansion. The building currently houses 13 rental units, providing a strong cash flow with a 4.00% cap rate. Ample parking is available with 15 spaces on-site. This well-maintained property offers a solid foundation for a savvy investor seeking a high-return multifamily asset in a rapidly growing area. The building's central location in Downtown Flushing provides easy access to public transportation, shopping, dining, and cultural attractions. The property's strong occupancy rate and consistent rental income make it an attractive investment with significant upside potential. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-positioned multifamily property in one of New York City's most dynamic neighborhoods. Don't miss out on this chance to secure a profitable investment in a prime location.

Property profile
Verified
Property type Apartment buildings
Total area 6,000 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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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