83-14 Lefferts BlvdQueens, NY 11415

For Sale
$12,000,000

76-unit apartment complex, Queens, NY. High NOI.

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity: This multifamily property, located at 83-14 & 83-34 Lefferts Boulevard in Queens, New York (zip code 11415), comprises two six-story elevator buildings totaling 47,535 square feet. Built in 1964, the property features 76 apartments, offering significant rental income potential. The buildings sit on two lots (Block/Lot- 3322/111 & 119), with dimensions of 83-14: 61' x 127.75' (building 60' x 60') and 83-34: 79.5' x 205.5' (building 70' x 65'). The property includes 18 parking spaces and two convenient laundry rooms for residents. The permitted zoning is R7A with a FAR of 4. The property boasts a strong Net Operating Income (NOI) of $675,319, making it an attractive investment with a current asking price of $12,000,000. The layout consists of approximately 228 rooms across the 76 units. This property presents a rare opportunity to acquire a well-established multifamily asset in a desirable Queens location.

Highlights

  • Block & Lot: 3322/111 & 119
  • Lot Size: 61' x 127.75' (Building 60' x 60') and 79.5' x 205.5' (Building 70' x 65')
  • Total Rooms: 228

Property Details for 83-14 Lefferts Blvd

Property type
Multifamily properties, Apartment buildings
Square Feet
47,535 SF
Year Built
1964
Stories
6

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.70571
Longitude
-73.8320619
83-14 Lefferts Blvd, Queens, New York

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83-14 Lefferts Blvd
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