8645 78th St - Apartments FOR SALE


Woodhaven, NY 11421
$950,000 USD
718-275-5472
8645 78th St, Woodhaven, NY for Sale
$950,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

8645 78th St
Woodhaven, NY 11421


HIGHLIGHTS

  • Two Blocks from the 75th Street "J-Z" station.
  • Below Market Rents
  • High Vacancy Property

OVERVIEW

Cushman & Wakefield is pleased to offer for sale 86-45-57 78th Street in Woodhaven, Queens. The 4-unit apartment building spans 4,316 SF including finished basement duplexes. This property was originally built as two 2-unit properties on a single tax lot. Located just off of Jamaica Avenue on 78th Street, the property benefits from quick grocery, retail, and restaurant proximity. Train access is a 3-minute walk away at the 75th Street ‘J-Z’ station. Recent upgrades include a full turnover of the second floor apartment in 86-45, both roofs re-flashed in ‘23-24’, and a new hot-water heater in 2021. The property will be delivered with two units vacant at closing, allowing for immediate renovation and a mark-to-market rent opportunity. Please direct all inquiries to Cushman & Wakefield.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,047 SF

ZONING

R6A

APN/PARCEL ID

08842-0158

ASK ABOUT THIS PROPERTY

Nick KolbusCushman & WakefieldMore Info
718-275-5472

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Nick KolbusCushman & WakefieldMore Info
718-275-5472

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