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9513 Northern Blvd

24 Unit Apartment Building $9,500,000 ($395,833/Unit) 4.59% Cap Rate Jackson Heights, NY 11372

Apartment Buildings New York Jackson Heights 9513 Northern Blvd, Jackson Heights, NY 11372

Investment Highlights

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

Executive Summary

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.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Price $9,500,000 Apartment Style Mid Rise
Price Per Unit $395,833 Building Class C
Sale Type Investment Lot Size 0.18 AC
Cap Rate 4.59% Building Size 24,909 SF
No. Units 24 Average Occupancy 100%
Property Type Multifamily No. Stories 4
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Year Built 1927
Price $9,500,000
Price Per Unit $395,833
Sale Type Investment
Cap Rate 4.59%
No. Units 24
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid Rise
Building Class C
Lot Size 0.18 AC
Building Size 24,909 SF
Average Occupancy 100%
No. Stories 4
Year Built 1927
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Very Bikeable (84)
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.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 01425-0033 Improvements Assessment $1,052,550
Land Assessment $133,650 Total Assessment $1,186,200

PROPERTY TAXES

Parcel Number
01425-0033
Land Assessment
$133,650
Improvements Assessment
$1,052,550
Total Assessment
$1,186,200

zoning

Zoning Code C1-4/R6
C1-4/R6
(516) 393-2300 x101

  • Listing ID: 33598138

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 9513 Northern Blvd, Jackson Heights, NY 11372

More public record information on 9513 Northern Blvd, Jackson Heights, NY 11372

The Multifamily Property at 9513 Northern Blvd, Jackson Heights, NY 11372 is currently available For Sale. Contact American Investment Properties, Inc. for more information.

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9513 Northern Blvd
(516) 393-2300 x 101

9513 Northern Blvd

Ron Koenigsberg

(516) 393-2300

x101

(516) 393-2300 x101

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