9513 Northern Blvd - Apartments FOR SALE


Jackson Heights, NY 11372
$9,500,000 USD
516-393-2300
9513 Northern Blvd, Jackson Heights, NY for Sale
$9,500,000 USD
Apartments - FOR SALE
1/6
null | 4.59% Cap Rate

9513 Northern Blvd
Jackson Heights, NY 11372


HIGHLIGHTS

  • For Sale: Mixed-Use Building Consisting of 28 Apartments and 6 Retail Stores
  • The Residential Apartments are all Rent Stabilized while the Retail Stores Have 3% Annual Increases in Rent
  • Located on the Corner of a Signalized Intersection
  • High Traffic Counts on Northern Blvd: 29,556 Cars Per Day
  • Surrounded by Various Other Neighborhood Retail such as Pharmacies, Auto Repair Shops, Restaurants, & More
  • Close Proximity to the Grand Central Pkwy, the Whitestone Expy, the Long Island Expy, the Brooklyn Queens Expy, LaGuardia Airport, Citi-Field, & More

OVERVIEW

At this location is a mixed-use building consisting of 28 apartments and 6 retail stores. The building is currently fully-occupied. The residential tenants are rent stabilized and the retail tenants have 3% annual increases in rent. The property has 80 ft of frontage on Northern Blvd. *Price is Negotiable* This property is situated in a prime location on Northern Blvd with great visibility.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

24

PRICE/UNIT

$395,833

CAP RATE

4.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,015 SF

ZONING

C1-4/R6

APN/PARCEL ID

01425-0033

ASK ABOUT THIS PROPERTY

Ron KoenigsbergAmerican Investment Properties, Inc.More Info
516-393-2300

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Ron KoenigsbergAmerican Investment Properties, Inc.More Info
516-393-2300

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