11-30, 11-32, 11-34 McBride Street | 1130 McBride St
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11-30, 11-32, 11-34 McBride Street 1130 McBride St
9 Unit Apartment Building $3,975,000 ($441,667/Unit) 9% Cap Rate Far Rockaway, NY 11691
Investment Highlights
- Built in 2023
- 9 free market units consisting of (4) 4-bedroom, (4) 3-bedroom and (1) 2-bedroom
- Three 3-story semi-attached multifamily buildings
Executive Summary
Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale 11-30 McBride Street, Far Rockaway, NY 11691 (the “Property”) located in the Far Rockaway neighborhood of Queens.
Built in 2023, this new construction property consists of three 3-story semi-attached multifamily buildings built on 3 lots totaling 9,275± SF. There are 9 free market units consisting of (4) 4-bedroom, (4) 3-bedroom and (1) 2-bedroom. The property is zoned R5 and located within a qualifying opportunity zone. The property will be delivered vacant. A few blocks away from the Far Rockaway [A] subway station. Seller expects to obtain TCO by year-end 2023.
Built in 2023, this new construction property consists of three 3-story semi-attached multifamily buildings built on 3 lots totaling 9,275± SF. There are 9 free market units consisting of (4) 4-bedroom, (4) 3-bedroom and (1) 2-bedroom. The property is zoned R5 and located within a qualifying opportunity zone. The property will be delivered vacant. A few blocks away from the Far Rockaway [A] subway station. Seller expects to obtain TCO by year-end 2023.
Property Facts
| Price | $3,975,000 | Building Class | C |
| Price Per Unit | $441,667 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 9,275 SF |
| Cap Rate | 9% | Average Occupancy | 0% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $3,975,000 |
| Price Per Unit | $441,667 |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,275 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (83)
Transit Score ®
Excellent Transit (76)
zoning
| Zoning Code | R5 |
| R5 |
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Ronald Cohen -
Anudeep Gosal -
Besen Partners
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11-30, 11-32, 11-34 McBride Street | 1130 McBride St
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