90-05 56th Ave
Multifamily with Ample Parking | 9 Units | $4.75m
Marketing description
SENSATIONALLY LOCATED in the heart of Queens, offering a rare
blend of convenience, income potential, and long-term upside.
• Situated just a 5-minute walk to Queens Center and multiple public
transportation options—including subway and bus lines.
• Highly desirable off-street parking component, including
10 total spaces with 3 garage units—an uncommon amenity
in this market that adds both value and tenant appeal.
• CURB OFFERS ONLY AT THIS TIME. PLEASE DO NOT DISTURB TENANTS
Investment highlights
Average Unit Size:
~650 SF, Two Bedrooms, 1.5 baths, kitchen, living area
Notable Features:
Large private balcony on a 3rd floor unit, 4 rear facing units have balcony, covered garage, elevator between the lower level and first floor and parking for 10.
Additional Income:
Full basement with bath, windows, and egress
Rent Roll:
Available upon request with execution of NDA.
Occupancy:
100% occupied, providing immediate in-place cash flow
Rental Structure:
Rents are currently below market, offering significant upside potential through repositioning
Value-Add Potential:
Finished basement with existing bathroom presents opportunity to create an additional unit (subject to approvals), further increasing income and overall asset value
This asset offers investors a rare combination of stable current income and clear pathways to enhance returns through rent growth and unit expansion.
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