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Package 8 Family (Two 4 Family B/D), 6123-6125 163rd St

8 Unit Apartment Building $2,800,000 ($350,000/Unit) 3.67% Cap Rate Fresh Meadows, NY 11365

Investment Highlights

  • Portfolio sale -income producing

Executive Summary

2 Buildings Package, Total 8 Family (4 + 4), Free Market (All 1 Bed Apt), Tenants Pay Own Utility, Built 1930, Lot 4,000 sq. (Each 2,000 sq.), Building Sq. 4,900 sq. (Ea. 2,450 sq.) Zoning R4, Call Or Text Thomas 646-812-7452,

Attachments

0001

Property Facts

Price $2,800,000
Price Per Unit $350,000
Sale Type Investment
Cap Rate 3.67%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.09 AC
Building Size 4,900 SF
No. Stories 2
Year Built 1930

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Tub/Shower

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 $1,538 -
Walk Score ®
Very Walkable (72)
Transit Score ®
Excellent Transit (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06761-0020
  • 06761-0019
Land Assessment
$201,669
Improvements Assessment
$63,143
Total Assessment
$264,812

zoning

Zoning Code R4 (R4- districts allow all types of ­housing at a slightly higher density than permit­ted in R3-2 districts)
R4 (R4- districts allow all types of ­housing at a slightly higher density than permit­ted in R3-2 districts)
  • Listing ID: 31448273

  • Date on Market: 4/8/2024

  • Last Updated:

  • Address: 6123-6125 163rd St, Fresh Meadows, NY 11365

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