Nest Seekers

Turnkey 12 unit investment opportunity in Queens !

New York, NY 11432

Listing

Web ID:5714243
Website:https://www.nestseekers.com/5714243

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.2 Acres

Financials

Price:$4,200,000
Annual Taxes:$3,694

Description

Turnkey 12-unit investment opportunity in Queens! Built approximately four years ago, 164-11 Highland Avenue generates over $30,000 per month in gross income, with strong rent collections, minimal operating expenses and exceptionally low property taxes. Producing an approximate $300,000 NOI and offered at approximately a 7% cap rate, this modern, stabilized multifamily asset delivers immediate cash flow with low-maintenance ownership.

Amenities

  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Real Broker NY LLC
​
Nest Seekers Logo
Loading...