100% Free-market multifamily building

For Sale - 98-08 197 STREET- Queens - Hollis

$5,495,000

Net Operating Income: $320,049

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Key Details

Property Type
MultiFamily
Neighborhood
Hollis
Property Dimensions
165.0 x 40.0
Property Area
17,250 sq.ft.
Total Units:
15
Stories:
3
NOI
$320,049
Price
$5,495,000
Price Per Unit
$366,333
Cap Rate
5.8%

Listing Description

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 98-08/10/14/16/20 197th Street, a 165’ wide, 3-story, 15-unit multifamily comprised of (5) three-family buildings. The property is located on the northeast corner of 197th Street and Carpenter Ave in Hollis, Queens. The property is comprised of 17,250 square feet (approx.). The property will be delivered vacant which poses a prime opportunity for an investor and/or 1031 exchange.

Property Details

Block/Lot:
10829/126
Lot Dimensions
207.0 x 86.0
Lot Area
17,802 sq.ft
Zoning:
R5
Ben EfraimovB6 Real Estate Advisors
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Sales & Transactions

AddressSale PriceSale DateProperty Type
100-24 208TH STREET$354,00007/17/2018MultiFamily
201-11 JAMAICA AVENUE$10,208,33406/26/2018MultiFamily
202-05 JAMAICA AVENUE$9,041,66606/26/2018MultiFamily
88-29 HOLLIS COURT BLVD$400,00003/12/2018MultiFamily
90-19 198TH STREET$920,00002/21/2018MultiFamily
182-01 91ST AVENUE$435,00001/25/2018MultiFamily
99-02 212TH STREET$690,00001/25/2018MultiFamily
100-32 197TH STREET$440,00012/30/2016MultiFamily
212TH STREET$600,00008/11/2016MultiFamily
86-06 SANTIAGO STREET$500,00008/09/2016MultiFamily