Queens New-Construction 3 Building Package

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$6,890,000 Sales price

$512/SF Price per Ft

6.1% Cap Rate

Three new construction buildings totaling 18 units
All 3 buildings are Protected Tax Class 2A
All 3 buildings have a 421A expiring in 2032, after which the apartments will revert to FM
Tenants pay for all utilities in each building
All 3 buildings have large storage spaces in the basements
First sale by original developer
The properties are located near busy retail corridors in Astoria and Corona with shopping, dining, and entertainment options
Within walking distance to the Woodhaven Blvd and the 30th Ave Stations