5725 Van Horn St - Apartments FOR SALE


Elmhurst, NY 11373
$4,000,000 USD
718-831-1230
5725 Van Horn St, Elmhurst, NY for Sale
$4,000,000 USD
Apartments - FOR SALE
1/4
null | 4.5% Cap Rate

5725 Van Horn St
Elmhurst, NY 11373


HIGHLIGHTS

  • Walking Distance to queens Blvd, Mall and train
  • Potential to expand Building.
  • Rents is low according to Market.

OVERVIEW

57-25 Van Horn Street (the Property) is fully-occupied, and the tenants are responsible for 100% of their utilities. The Property has separately metered units and a PTECH unit in every apartment making it easy to manage, with minimal expenses. The residential units are currently leased at below market rents allowing for added value to a potential investor. The Property is conveniently located two blocks from Queens Boulevard providing easy access to the Long Island Expressway and Grand Central Parkway. Furthermore, the Property is just a short walk to the subway station at Woodhaven Blvd, providing access to the E, F, M & R subway lines. The building’s central location allows residents to chose from a variety of commuting options creating convenient travel to major Queen’s attractions, such as the Flushing Meadow Park, Citi Field & USTA Tennis Center. Additionally, the Queens Center Mall and Queens Place Mall are located within a 0.4 mile walk away.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

20

PRICE/UNIT

$200,000

CAP RATE

4.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R5

APN/PARCEL ID

02870-0001

ASK ABOUT THIS PROPERTY

Jimmy SinghRealty Connect USAMore Info
718-831-1230

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Jimmy SinghRealty Connect USAMore Info
718-831-1230

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