Listing Summary
Confidential Multifamily Investment Opportunity (Prime Urban Submarket | Value-Add)
Full Description
A rare opportunity to acquire a 90-unit, mid-rise multifamily asset in a premier, high-density Queens, NY submarket. This off-market property offers a unique blend of 100% occupancy and immediate "Value-Add" potential. Situated in a supply-constrained urban pocket, the building benefits from its location near major transit hubs and a flourishing waterfront/commercial district, making it a cornerstone asset for any New York City portfolio.
Property Specifications
Investment Highlights
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Proven Cash Flow: Currently operating at 100% occupancy, providing strong, stabilized in-place income from day one of ownership.
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Aggressive Value-Add Potential: Significant upside available through strategic unit renovations and modernizing common areas to capture current market-rate premiums.
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Transit-Oriented Location: Ideally positioned within walking distance of major public transportation hubs, offering seamless access to Manhattan and major regional airports.
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Strategic Urban Submarket: Located in a high-demand rental area near a major waterfront and commercial district, ensuring consistent tenant retention and low vacancy trends.
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Long-Term Optionality: The R6 zoning and substantial 0.51-acre lot size offer future repositioning or redevelopment potential in a high-barrier-to-entry market.
Confidentiality & Access
Due to the off-market nature of this transaction, specific building details and financial records are strictly confidential.
Investment Note: This asset is a "Transit-Oriented" play that combines a stable 6% yield with the forced appreciation typical of 1950s-era mid-rise buildings in the outer boroughs.
For more information and to receive the full offering memorandum, please inquire directly.
Quick Glance
- Listing ID:
CL-New York-27574
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
N/A