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32938109
32938110

89-09 170th Street, Jamaica, NY 11432

ST
NY 10401291556
$1,199,000
10 days on market
Updated 10 days ago

8-Unit Investment Property

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,380
Units 2
Cap Rate 5.78%
NOI $69,352
Occupancy 100%
Rent Bumps No
Year Built 1970
Lot Size (SqFt) 3,000
Zoning R6A
Parking Spaces spaces
Sale Condition N/A

Great opportunity to own a 8-unit building!

Marketing description

Introducing an Excellent Investment Opportunity in one of Queens’ most vibrant and established residential neighborhoods. This well-maintained three-story semi-detached brick walk-up features 8 residential units and offers approximately 4,380 square feet of living space on a 24x125 lot with R6A zoning. Built in 1970, the property consists of six one-bedroom apartments and two studio apartments, all rent-stabilized and fully occupied with established tenants, providing steady and reliable cash flow with future upside potential through continued rent growth in a strong rental market. Situated just two blocks away from Hillside avenue, the property is within minutes to supermarkets, restaurants, shopping, laundromats, and other neighborhood essentials, making it a highly desirable address for tenants. Public transportation is easily accessible, including the E and F subway lines at 169th Street, along with multiple bus routes offering convenient access throughout Queens and Manhattan. This is an exceptional opportunity for investors seeking a stable, income-producing asset with long-term appreciation potential in a prime Queens location.

Investment highlights

Units: 8 Units ( 6 1 bedrooms, 2 Studios)

Parking Spots: 2

Year Built: 1970

Lot Size: 24x125 (3000 SqFT)

Building Size (feet): 24x60

Building Sqft (feet): 4,380

Listing Contacts

ST
NY 10401291556

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$69,351.92
$5,779.33/mo

Valuation Metrics

0
DSCR
5.78%
Cap Rate
5.78%
ROI

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Additional Information

Name
Sanjeev Thapar
License
10401291556
Brokerage
Sanjeev Thapar
Brokerage Phone
9173244338
Title
Realtor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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