1130 McBride St - Apartments FOR SALE


Far Rockaway, NY 11691
$3,975,000 USD
646-424-5317
1130 McBride St, Far Rockaway, NY for Sale
$3,975,000 USD
Apartments - FOR SALE
1/9
null | 9% Cap Rate

1130 McBride St
Far Rockaway, NY 11691


HIGHLIGHTS

  • Built in 2023
  • Three 3-story semi-attached multifamily buildings
  • 9 free market units consisting of (4) 4-bedroom, (4) 3-bedroom and (1) 2-bedroom

OVERVIEW

Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale 11-30 McBride Street, Far Rockaway, NY 11691 (the “Property”) located in the Far Rockaway neighborhood of Queens. Built in 2023, this new construction property consists of three 3-story semi-attached multifamily buildings built on 3 lots totaling 9,275± SF. There are 9 free market units consisting of (4) 4-bedroom, (4) 3-bedroom and (1) 2-bedroom. The property is zoned R5 and located within a qualifying opportunity zone. The property will be delivered vacant. A few blocks away from the Far Rockaway [A] subway station. Seller expects to obtain TCO by year-end 2023.

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

9

PRICE/UNIT

$441,667

CAP RATE

9%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11-30, 11-32, 11-34 McBride Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,775 SF

ZONING

R5

APN/PARCEL ID

15711-0020,15711-0021,15711-0120

ASK ABOUT THIS PROPERTY

Ronald CohenBesen PartnersMore Info
646-424-5317

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Ronald CohenBesen PartnersMore Info
646-424-5317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.