91-47 88th Road
91-47 88th Road
Northwest corner of Woodhaven Boulevard & 88th Road
Woodhaven, NY
Woodhaven, NY
FOR SALE | MULTIFAMILY WALK-UP | WOODHAVEN, NY
| Type | Multifamily Walk-Up |
|---|---|
| Neighborhood | Woodhaven, NY |
| Lot Size | 91.07’ x 107.7’ Irregular |
| Zoning Code | R3-1 |
| Size | 25,760 SF |
| Stories | 4 Stories |
Investment Highlights:
7.63% In-Place Cap Rate | $204 per SF
- 80′ Wide, 4-Story, 25,760 Walk-Up Apartment Building
- 37 Rent Stabilized Units & 1 Doctor’s Office
- 97% Occupied & Cash Flowing – Ideal 1031 Exchange Opportunity
- $96,083 (14%) Difference between Annual Legal Rents and Preferential Rents
- Only 2 Blocks to the [J] & [Z] Trains at Woodhaven Boulevard
- In Proximity to Forest Park
