38-Unit, 9-Story Building Sunnyside, Queens, NY

$30,900,000
For Sale
Property type: Large Multifamily
Gross Sqft (Sq Ft)
39,198
Units
38
Commercial Units
2

Details

  • Lot Size: 7,271 Sq Ft
  • Year Built: 2014
  • Block/Lot: Call for info
  • Zoning: R7A
  • Lot Dimensions: 102.01' x 71.54'
  • Lot Size: 7,271 Sqft
  • Building Dimensions: 102' x 71'
  • Gross Sqft: 39,198 Sqft
  • Stories: 9
  • Residential Units: 38
  • Residential Sqft: 34,798
  • Unit Mix: 22/2Bds, 16/1Bds
  • Commercial Units: 2
  • Commercial Sqft: 4,400
  • Parking Spots: 20
  • # of Buildings: 1
  • Building Class: D8
  • Construction: Reinforced Concrete
  • Year Built: 2014
  • Tax Class: 2
  • Taxes (18/19): $69,396.52

Description

Price includes a 3% broker fee paid by buyer


This is a fully occupied 102’ wide, 38-unit nine-story elevator apartment building located in Sunnyside, near the intersection of 42nd and Skillman Ave and a few blocks to the 7-train on 40th and Queens Blvd. The property has a mixture of one and two bedroom apartments. Twenty-two units are 2 bedroom apartments and sixteen units are one-bedroom apartments. All the units have hardwood floors, high ceilings, separate dining area, top of the line kitchens fully equipped with dishwasher and washer/dryer. Good closet space and marble bathrooms and balconies. The property has a 4,537 square foot office and 20 parking spots. There is a 421A tax abatement, which expires in 2033. All the units are rent stabilized and getting market rents. The apartments are individually metered and the building is sprinklered throughout. For the two-bedroom units, seller is getting between $2,900 to $3,500 and for the one-bedroom apartments seller is getting between 2,000 to $2,600 per month. For this deal, seller wants to see an LOI and POF before releasing financial info.


For financing, contact:

Keith Dunne
Canyon Mortgage Corp
keith@canyonmtgcorp.com
516-662-9377
NMLS#: 1265985

Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen is a New York Licensed Real Estate Salesperson in association with D. White, a licensed broker. Hire Rowen as your real estate agent to represent you in the purchase or sale of residential and commercial real estate. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.