53-17 Skillman Ave - Apartments FOR SALE


Woodside, NY 11377
$3,500,000 USD
914-804-7091
53-17 Skillman Ave, Woodside, NY for Sale
$3,500,000 USD
Apartments - FOR SALE
1/16
null | 5.73% Cap Rate

53-17 Skillman Ave
Woodside, NY 11377


HIGHLIGHTS

  • Fully Renovated
  • Five Free Market and One RS

OVERVIEW

The Forray Team at The Corcoran Group is excited to present The Camille at 53-17 Skillman Avenue, a fully remodeled six-unit boutique loft building located on the Sunnyside-Woodside border in Queens. This turn-key investment property includes five free-market units and one rent-stabilized unit, offering a strong blend of stability and growth potential in a high-demand rental market. Originally redeveloped in 2021, The Camille combines classic brick architecture with luxurious modern finishes, including Italian cabinetry, oak flooring, and Carrara marble-inspired bathrooms. The building offers premium living spaces designed for long-term appreciation and high rental value. Current Cap Rate is 5.73% and is projected to be able to produce up to a 7.25% Cap Rate in the near future. Just a few blocks from the 7 train at 52nd Street, The Camille offers easy access to Midtown Manhattan, multiple bus lines, and CitiBike stations, making it a prime location for renters seeking convenience and neighborhood charm. Surrounded by Sunnyside and Woodside's top cafes, restaurants, and boutique shops like Aubergine Caf and The Lowery Bar, it's also near Sunnyside Gardens Park and lively retail corridors. Sunnyside is gaining recognition as one of NYC's most promising investment neighborhoods, with a 7.8% increase in StreetEasy searches from 2023 to 2024, underscoring its strong rental demand and future growth potential. With modern upgrades, prime transit access, and a growing rental market, The Camille presents an exceptional turn-key investment opportunity in one of Queens' most desirable neighborhoods. For more details or to schedule a private showing, contact us directly.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$672 USD /SF

# OF UNITS

6

PRICE/UNIT

$583,333

CAP RATE

5.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,718 SF

ZONING

R5D

APN/PARCEL ID

01238-0050

ASK ABOUT THIS PROPERTY

Chris CavortiThe Corcoran GroupMore Info
914-804-7091

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Chris CavortiThe Corcoran GroupMore Info
914-804-7091

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