99-15 Northern BlvdQueens, NY 11368

For Sale
$3,600,000

Eight-unit multifamily with retail, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A mixed-use property, located at 99-15 Northern Boulevard in Queens, New York, presents a lucrative investment opportunity. Built in 2008, this four-story building boasts a total of 3,000 square feet on a 3,000 square foot lot and is currently operating at 100% occupancy. The property comprises eight units: six residential apartments and two commercial spaces. The six apartments are configured as three-bedroom units, each featuring a living room, kitchen, and bathroom. Current monthly rents for the apartments range from approximately $2,600 to $2,975. In addition to the residential units, the building includes a retail space currently leased as a convenience store generating $8,000 in monthly rent, and a second commercial space (gym) generating $1,500 monthly. The property is zoned for commercial use and benefits from its convenient location near public transportation, restaurants, a library, a supermarket, and other amenities. This well-maintained building offers a strong, consistent income stream, making it an ideal investment for discerning buyers seeking a high-return property in a desirable Queens location. The building's excellent condition and high occupancy rate contribute to its strong financial performance. This is a rare opportunity to acquire a turnkey, income-producing asset in a thriving area.

Highlights

  • Class A mixed-use building, 3,000 sq ft on a 3,000 sq ft lot, built in 2008.
  • Four-story building with 100% occupancy.
  • Eight units: six 3-bedroom apartments and two commercial spaces.
  • Apartments rent from $2,600 to $2,975 monthly.
  • Commercial spaces generate $9,500 total monthly rent ($8,000 retail, $1,500 gym).
  • Zoned for commercial use, near public transportation and amenities.

Property Details for 99-15 Northern Blvd

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
3,000 SF
Class
A
Year Built
2008
Buildings
1
Stories
4
Units
8

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7575659
Longitude
-73.8688743
99-15 Northern Blvd, Queens, New York

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99-15 Northern Blvd
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