67-14 41st Avenue, Woodside, NY 11377
67-14 41st Avenue, Woodside, NY 11377
Woodside, Queens, NY
$105,795 per unit | $135 per SF | ~9% Cap Rate | ~5.47 GRM
| Asking Pricing | $9,310,000 |
|---|---|
| Type | Multi-Family Building |
| Neighborhood | Woodside, Queens, NY |
| Lot Size | 17,900 Sq. Ft. |
| Zoning Code | R5D |
| Size | 69,212 Sq. Ft. |
| Stories | 6 |
| Units | 88 plus 1 commercial |
Investment Highlights:
- Six-story, 88-unit elevator serviced apartment building
- 87 rent-stabilized apartments plus one 3,600 SF professional unit
- Live-in on-site superintendent
- Plans to convert the professional space to 4 apartments
- On-site parking for over 10 cars
- Pending MCI filing for $160K in elevator updates
- Proximity to the 7 train and woodside LIRR stations
Meridian Investment Sales is pleased to present exclusively for sale
67-14 41st Avenue, an 88-unit elevator serviced apartment building
with a professional space in Woodside, Queens, NY.
Built in 1964, the building is comprised of approx. 69,212 Sq. Ft. and
all apartments are currently occupied. There are plans to convert
the professional space to four additional apartments, providing
tremendous upside potential.
The property is conveniently located on the southwest corner of 41st
Avenue and 68th Street, 1 block to the [7] train at the 69th Street
station and a short walk to the LIRR at the 61st Street-Woodside
station.
This property is an ideal long-term investment or 1031 exchange
opportunity at a low basis in one of the best up and coming
neighborhoods in Queens, NY.
