Johnson Elite R E Group Inc
Listed by Johnson Elite R E Group Inc
$1,660,000
137-06 Bedell Street
Details
APN 13021-0031
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 4,310
Units 6
NOI $100,343
Year Built 1931
Buildings 1
Stories 2
Acreage 0.222
Zoning C1-3
Parking Spaces 6 spaces
Parking Per SqFt 1.39
Multifamily | 6 Units
Marketing description
Exceptional Mixed-Use Investment Opportunity in Prime Springfield Gardens Location. Introducing 137-06 Bedell Street—a rare corner lot offering in the heart of Springfield Gardens. This expansive legal mixed-use property sits on a 9,653 sq ft lot and features five spacious 1-bedroom apartments (each with 1 bath, living room, dining area, kitchen, and soaring ceilings), all of which are currently tenant-occupied. The ground-level commercial storefront, presently configured as a 6th apartment, is vacant, offering flexibility for a retail tenant, office use, or continued residential rental (buyer to verify permissible use). All units are separately metered for gas and electric, providing operational ease and maximizing landlord efficiency. A full-height basement offers significant storage or future development potential. The property also includes a private driveway with parking for up to 6 vehicles—a rare and highly sought-after amenity in the area. Zoned C1-3/R3-2, this asset offers both strong cash flow and future upside in a rapidly developing neighborhood. Strategically located just minutes from JFK Airport, major highways, and multiple MTA transit options, this property is ideal for long-term investors or owner-users looking to capitalize on one of Queens’ most connected corridors.
Listing Contacts
Johnson Elite R E Group Inc
Listed by Johnson Elite R E Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,343.00
$8,361.92/mo
Valuation Metrics
0
DSCR
6.04%
Cap Rate
6.04%
ROI
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