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28226544
28226545

67-28 78th St, Flushing, NY 11379

PR
NY 10991221111
Paramount Realty USA
Listed by Paramount Realty USA
$3,800,000
208 days on market
Updated 69 days ago

12-Unit Multi-Family Building

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,000
Net Rentable (SqFt) 9,000
Units 12
Occupancy 100%
Pro-Forma Cap Rate 5.88%
Pro-Forma NOI $223,297
Price per SqFt $422
Broker Co-Op Yes
Class B
Year Built 1930
Year Renovated 2019
Buildings 1
Stories 3
Lot Size (SqFt) 5,987
Zoning R4-1
Parking Spaces 9 per unit
Investment Type Stabilized

Multifamily | 12 Units

Marketing description

AUCTION SALE - Bidding Open Through Wednesday, December 17. Please note that the above price reflects the Reserve Price for the property, which is being marketed for sale by private auction. Submit bid anytime now through December 17. Seller reserves the right to accept or reject/any/all bids. Please visit prusa.com for additional terms.

Investment highlights

Located in the highly desirable neighborhood of Middle Village, Queens, this well- maintained 12-unit multifamily building offers stable in-place income. Built in 1930, this 3-story walk-up combines the timeless charm of pre-war architecture with modernized interiors, creating a durable, income-producing asset in one of Queens’ most established residential neighborhoods.

Each-2-bedroom rent stabilized unit features spacious layouts, updated kitchens and baths, dishwashers, and ample storage, catering to strong tenant demand for quality housing in this submarket. The property benefits from its quiet, tree-lined setting while remaining just steps from the Metropolitan Avenue retail corridor, Juniper Valley Park, and key transit options including the M train at Middle Village–Metropolitan Avenue and multiple express bus lines. This balance of neighborhood tranquility and accessibility has made Middle Village a preferred destination for long-term renters seeking a blend of suburban character and urban convenience.

With consistent occupancy, proven rent stability and additional parking income, this represents an ideal acquisition for both private investors and portfolio owners seeking a dependable, low-risk multifamily asset in a premier Queens location.

· 12-unit, 3-story multi-family building featuring spacious 2-bedroom units.

· Strong rent roll stability with long-term tenants and low vacancy.

· Individual unit metering and additional parking income with 9 parking spaces.

· Prime Middle Village location on a quiet, low-density block steps from the Metropolitan Avenue retail corridor.

· Excellent transit access via the M train andexpress buses, offering direct connectivity to

Listing Contacts

PR
NY 10991221111
Paramount Realty USA
Listed by Paramount Realty USA

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Additional Information

Name
Paramount Realty USA
License
10991221111
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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