91-47 88th Road | 9147 88th Rd
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91-47 88th Road 9147 88th Rd
38 Unit Apartment Building $5,250,000 ($138,158/Unit) 7.63% Cap Rate Woodhaven, NY 11421
Investment Highlights
- 4-Story, 25,760 Walk-Up Apartment Building, 37 Rent Stabilized Units
- $96,083 (14%) Difference between Annual Legal Rents and Preferential Rents
- In Proximity to Forest Park
- 97% Occupied & Cash Flowing – Ideal 1031 Exchange Opportunity
- Only 2 Blocks to the [J] & [Z] Trains at Woodhaven Boulevard
Executive Summary
7.63% IN-PLACE CAP RATE | $204 PER SF
Property Facts
| Price | $5,250,000 | Property Type | Multifamily |
| Price Per Unit | $138,158 | Property Subtype | Apartment |
| Sale Type | Investment | Building Size | 25,760 SF |
| Cap Rate | 7.63% | No. Stories | 4 |
| No. Units | 38 | Year Built | 1923 |
| Price | $5,250,000 |
| Price Per Unit | $138,158 |
| Sale Type | Investment |
| Cap Rate | 7.63% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 25,760 SF |
| No. Stories | 4 |
| Year Built | 1923 |
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Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (78)
zoning
| Zoning Code | R3-1 |
| R3-1 |
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91-47 88th Road | 9147 88th Rd
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