Listed by M&J Partners Realty, LLC
$10,500,000
40 Unit Multifamily Asset
Details
APN 15516-0119
Property Type Multifamily
Sub Type Apartment Building, 40 unit multifamily asset
Square Footage 43,120
Units 40
Cap Rate 5.00%
Occupancy 100%
Year Built 1927
Year Renovated 2019
Buildings 1
Stories 4
Acreage 18808.000
Zoning R3X
Investment Type Stabilized
40 Unit Multifamily Asset- Dual Lot- Development Parcel Included
Marketing description
Unlock the Potential: $10.5M Dual-Lot Property Ready for Expansion or Redevelopment: Premier investment opportunity featuring a rare double-lot offering with the rear parcel included- ideal for developers, investors, and value-add buyers seeking scale and long-term upside. This exceptional asset combines immediate income potential with significant redevelopment and expansion opportunities, making it a true turnkey + land value play. Located in a rapidly evolving coastal market with strong demand, this property offers the flexibility to build, reposition, or maximize returns in one of NYC’s emerging investment corridors. A chance to secure a high-upside, multi-lot asset in a prime location. Fully compliant with all regulations and free of violations, delivering peace of mind alongside immediate income and future redevelopment potential. Near JFK, the LIRR, MTA, minutes from Atlantic Beach, premier shopping, and the Five Towns area. Lot 119 is 18,808 sq ft & lot 72 is 8181. Call for info
Investment highlights
- Price per Sq Ft.: $244
Listing Contacts
Listed by M&J Partners Realty, LLC
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