Exceptional opportunity to acquire a fully leased six family brick building in the highly resilient Ridgewood Glendale rental corridor of Queens.
| Website: | https://www.nestseekers.com/5370610 |
|---|---|
| Address: | 72-20 67th Street Queens, NY 11385 |
| Cross street: | Myrtle Avenue |
| Type: | House |
| Era: | Post-war |
| Floors: | 3 |
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 30 |
| Bedrooms: | Studio |
Financials
Description
Exceptional opportunity to acquire a fully leased six-family brick building in the highly resilient Ridgewood/Glendale rental corridor of Queens.
This well-maintained asset comprises six spacious two-bedroom, one-bathroom apartments, each offering generous living areas and functional kitchen layouts. The consistent two-bedroom unit mix remains one of the strongest-performing configurations in this submarket, supporting steady tenant demand and long-term rent stability.
Constructed of solid brick and positioned in a prime location near transportation, shopping, dining, and everyday conveniences, the property benefits from strong rental fundamentals and enduring neighborhood appeal.
An ideal turnkey investment offering immediate cash flow in one of Queens' most dependable multifamily corridors.
Investment Highlights:
100% Occupied - Immediate Cash Flow
Gross Scheduled Income: $124,063.2
Net Operating Income: $79,827.2
Cap Rate: 6.15%
Price Per Unit: $216,333
Amenities
- Air Conditioning
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of Berkshire Hathaway HomeServices New York Properties | |
