195-20 CARPENTER AVENUE

For Sale - Queens - Hollis

$5,495,000

Net Operating Income: $320,049

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Key Details

Property Type
MultiFamily
Neighborhood
Hollis
Property Dimensions
25.0 x 46.0
Property Area
3,296 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 195-20 Carpenter Ave, a 165’ wide, 3-story, 15-unit, walk-up multifamily building on the northeast corner of Carpenter Ave and 197th Street in Hollis, Queens. The property is comprised of 17,250 square feet (approx.), and a unit mix of (8) 3-bedroom apartments, (6) 2-bedroom apartments, and (1) 1-bedroom apartment. Additionally, there are (4) garage spaces and available storage in four separate basement units. The building will be delivered completely vacant which poses a prime opportunity for an investor and/or 1031 buyer.

Property Details

Block/Lot:
10829/125
Lot Dimensions
86.58 x 207.0
Lot Area
12,240 sq.ft
Zoning:
R5
FAR as Built:
0.27
Max FAR:
2.0
Ben EfraimovB6 Real Estate Advisors
Contact Agent View Setup

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