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Queens New Construction Package

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Queens New Construction Package
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$7,000,000 Sales price
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$520/SF Price per Ft
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6.0% Cap Rate
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421a Tax Abatement
  • 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
  • First sale by original developer
  • The properties are located near busy retail corridors in Astoria and Corona with shopping, dining, and entertainment options
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Lev Mavashev Managing Principal
212.658.0979 lev(at)alpharealtyny(dotted)com
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Ben Normatov Director
212.658.0324 ben(at)alpharealtyny(dotted)com
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