104-30 39th Avenue — Sale in Queens, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Queens, NY 11368

Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & millichap is pleased to offer 104-30 39th Avenue, a rare opportunity to acquire a fully free-market, eight-unit multifamily asset in a prime, transit-oriented Queens location. The property is being sold by the original developer and benefits from a fully expired421-A Tax Abatement, eliminating regulatory uncertainty and allowing for immediate free-market operation. Investment Highlights: • 104-30 39th Avenue, built in 2008, comprises 8-units (1 Bedroom & 2 Bedroom mix), approx. 6,250 SF. • Good Cause Eviction Exempt | Tax Class: 2B | Zoning R5A • 104-30 39th Avenue is located just steps from the 7 Train and Roosevelt Avenue at the 103 St–Corona Plaza station.

Market Context

This multifamily in Queens, NY is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 99 days. Compare it against other multifamily listings for sale in Queens, NY — view the full market.

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