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16109 72nd Ave
Fresh Meadows, NY 11365
Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Modern 8-Unit Apartment Building in Prime Flushing Location – Built in 2020
Discover this newly built (2020) 8-unit apartment building in the heart of Flushing, offering a prime investment opportunity in one of Queens’ most vibrant neighborhoods. The building features six single units and two spacious duplexes, designed with modern, stylish finishes to attract today’s renters.
Conveniently located, it offers an easy 20–30 minute commute to downtown Manhattan, making it highly desirable for both students and professionals. Just one mile from St. John’s University and Queens College, the property benefits from a steady tenant base of students and working professionals, ensuring stable rental income.
Residents enjoy on-site washers and dryers in the basement and have access to a variety of nearby restaurants, markets, and essential services. With strong demand in this sought-after area, this property presents an excellent opportunity for investors seeking a secure and high-yield rental asset.
Don’t miss out on this exceptional investment—contact us today for more details!
Discover this newly built (2020) 8-unit apartment building in the heart of Flushing, offering a prime investment opportunity in one of Queens’ most vibrant neighborhoods. The building features six single units and two spacious duplexes, designed with modern, stylish finishes to attract today’s renters.
Conveniently located, it offers an easy 20–30 minute commute to downtown Manhattan, making it highly desirable for both students and professionals. Just one mile from St. John’s University and Queens College, the property benefits from a steady tenant base of students and working professionals, ensuring stable rental income.
Residents enjoy on-site washers and dryers in the basement and have access to a variety of nearby restaurants, markets, and essential services. With strong demand in this sought-after area, this property presents an excellent opportunity for investors seeking a secure and high-yield rental asset.
Don’t miss out on this exceptional investment—contact us today for more details!
PROPERTY FACTS
| Price Per Unit | $577,895 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5% | Lot Size | 0.06 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,216 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $577,895 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,216 SF |
| No. Stories | 4 |
| Year Built | 2020 |
| Zoning | R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | - |
PROPERTY TAXES
| Parcel Number | 06800-0006 | Improvements Assessment | $479,939 CAD |
| Land Assessment | $156,106 CAD | Total Assessment | $636,045 CAD |
PROPERTY TAXES
Parcel Number
06800-0006
Land Assessment
$156,106 CAD
Improvements Assessment
$479,939 CAD
Total Assessment
$636,045 CAD
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