158-16 Sanford Ave - Apartments FOR SALE


Flushing, NY 11358- East Flushing
$4,990,000 USD
917-364-5645
158-16 Sanford Ave, Flushing, NY for Sale
$4,990,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

158-16 Sanford Ave
Flushing, NY 11358
East Flushing


OVERVIEW

Welcome to 158-16 Sanford Avenue- an extraordinary multi-family investment opportunity located in the much sought after section of Flushing! This property provides for 13,000 SF across four stories, featuring 20 one bedroom units generating a gross income of $385,000 with an upside for additional revenue streams! This fully detached brick structure is situated on a 6,700 square foot corner lot & immaculately maintained by a live-in superintendent. Each apartment is separately metered for both gas & electricity consumption, in addition to simple open layouts with natural light coming in from multiple exposures. The rooftop can easily accommodate a cell site, and or be upgraded to a rooftop deck setting. The basement grants an additional 3,000+ SF outside of the 13,000 SF which can easily allow for a laundry setting, as well as bike & or assigned storage units which would bring in additional income. The side yard of the subject property furthermore allows for vehicle parking. This property promises consistent returns for years to come with tremendous upside for additional revenue streams & high ROI in one of New Yorks' most vibrant of neighborhoods! -Centrally located: Near #7 train, LIRR (Murray Hill train station), Buses, Express buses,commuters mini buses & Airports (La Guardia Airport is located within 15 minutes) -Close proximity to banks, restaurants, supermarkets, stores & shopping malls (ex. New World Mall & The Shops at Skyview Center) -Close proximity to parks, schools, library, expressways (I-678, Whitestone Expressway, Northern Blvd. (Route 25A)

FOR SALE DETAILS

PRICE

$4,990,000 USD

PRICE/SF

$461 USD /SF

# OF UNITS

20

PRICE/UNIT

$249,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,726 SF

ZONING

R5B

APN/PARCEL ID

05389-0034

ASK ABOUT THIS PROPERTY

Randy SaaColdwell Banker American HomesMore Info
917-364-5645

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Randy SaaColdwell Banker American HomesMore Info
917-364-5645

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