5615 Van Cleef St - Apartments FOR SALE


Flushing, NY 11368
$3,150,000 USD
516-279-8828
5615 Van Cleef St, Flushing, NY for Sale
$3,150,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

5615 Van Cleef St
Flushing, NY 11368


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 100% Occupied Brand New 7 Unit Apartment Building In Flushing For Sale!!!
  • The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, Strong R6B Zoning, (1) 2 Br. Apt., (6) 1 Br. Apts., +++!!
  • The Building Was Built In 2022!!!
  • The Property Is Located In The Heart Of Corona Just Off The Grand Central Parkway, I-495 & Situated Near Citifield, Flushing Meadows Corona Park, +++!
  • Neighbors Include Nike, The Home Depot, Target, Costco, 7-Eleven, Mobil, Gulf, T.J. Maxx, Marshalls, Raymour & Flanigan, Macy’s, +++!!!
  • This Property Offers HUGE Upside Potential!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 100% Occupied Brand New 7 Unit Apartment Building In Flushing For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, Strong R6B Zoning, (1) 2 Br. Apt., (6) 1 Br. Apts., Basement Office, Security Camera System, Large Rear Yard, Separate Meters, Strategically Placed Curb Cut, All New LED Lighting, Sprinklers, 3 Phase Power, A/C, +++!!! The Building Was Built In 2022!!! The Property Is Located In The Heart Of Corona Just Off The Grand Central Parkway & I-495!!! The Property Is Situated Near Citifield, Flushing Meadows Corona Park, Queens Zoo & The Queens Museum!!! Neighbors Include Nike, The Home Depot, Target, Costco, 7-Eleven, Mobil, Gulf, T.J. Maxx, Marshalls, Raymour & Flanigan, Macy’s, New York Sports Club, Maaco Auto Body, Olive Garden, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Unit 1A (2 Br.): $31,800 Ann. Unit 2A (1 Br.): $20,700 Ann. Unit 2B (1 Br.): $25,200 Ann. Unit 3A (1 Br.): $20,700 Ann. Unit 3B (1 Br.): $25,200 Ann. Unit 4A (1 Br.): $21,312 Ann. Unit 4B (1 Br.): $25,200 Ann. Parking: $1,800 Ann.; M-M. Basement Office: $8,400 Ann.; M-M. Expenses: Gas: $792 Ann. (Common Area Only) Electric: $1,320 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $6,589 Ann. Water: $3,852 Ann. Taxes: $3,034 Ann. Total Expenses: $15,837 Ann. Current Gross Income: $180,312 Ann. Net Operating Income (NOI): $164,475 Ann.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$614 USD /SF

# OF UNITS

7

PRICE/UNIT

$450,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,446 SF

ZONING

R6B

APN/PARCEL ID

01968-0073

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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