3910 201St St Bayside, NY 11361

Property Details for 3910 201St St

Year built

1931

Lot size

0.08 lot acres

Property size

2,640 SF

Zone code

R3-2

Property type

Apartment buildings

APN

06203-0139

APU

62030139

Description

This exceptional investment opportunity presents a fully occupied, five-unit multifamily building situated on a quiet dead-end street in the desirable Bayside neighborhood of Queens, New York. The property boasts a substantial 2,640 square feet of living space spread across five units, all currently leased. The building sits on a conveniently sized 0.08-acre lot, offering ample space and privacy. Recent renovations have enhanced the property's appeal and functionality, contributing to its strong rental income. The property's location offers easy access to the LIRR Auburndale station, providing convenient commuting options. Nearby amenities and services are readily available, enhancing the desirability of the units for tenants. The current annual rental income generates a capitalization rate exceeding 6%, showcasing a strong return on investment. Further income potential exists through the addition of garage and parking space rentals, projected to yield approximately $10,000 annually. This presents a significant opportunity for increased profitability. All financial information provided is believed to be accurate, however, prospective buyers are strongly encouraged to conduct their own due diligence and verification. Proof of funds will be required prior to any property showings. Please respect the privacy of the tenants and refrain from disturbing them. This is a rare opportunity to acquire a well-maintained, income-producing property in a prime location.

Location Insight

City

Flushing

County

Queens

State

New York

Longitude

-73.7844

Latitude

40.7615

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments