91-47 88th Road
91-47 88th Road
Northwest corner of Woodhaven Boulevard & 88th Road
Woodhaven, NY
Woodhaven, NY
PRICE REDUCED | MULTIFAMILY WALK-UP | QUEENS, NY
| Asking Pricing | $4,950,000 |
|---|---|
| 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:
8.1% Cap Rate | $192 per SF
- 80′ Wide, 4-Story, 25,760 Walk-Up Apartment Building
- 37 Rent Stabilized Units & 1 Doctor’s Office
- 100% Occupied & Cash Flowing – Ideal 1031 Exchange Opportunity
- Over $96,000 (12%) Difference between Legal Rents and Preferential Rents
- Only 2 Blocks to the [J] & [Z] Trains at Woodhaven Boulevard
- In Proximity to Forest Park
