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Multifamily For Sale • 81,327 SF
| Incredible Scale In Unmatched Location: Opportunity to build significant scale in NYC’s most dynamic submarket |
| 85% Free Market Income: $2.65M of the total $3.125M current gross income can be attributed to free-market units |
| Upside In Rents: The portfolio’s current rent roll can be improved by roughly 7-10% attributable to growth in the local rental market |
| Mostly Renovated: 70% of the portfolio has been meticulously renovated, with high-end finishes, basement duplexes, etc |
| Separate Utilities: 66 of 96 units have separate utilities, where tenants are responsible for their own heat and hot water |
| Significant Light & Air: 11 of 15 buildings have large air shafts, providing ample light and air for proper apartment layouts |
| Total Expenses: | $717,364 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 8 min | - | 3.2 mi |
| Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road) | 8 min | - | 3.4 mi |
| Transit/Subway | Drive | Walk | Distance |
| Fresh Pond Road (M - New York MTA Subway (The Subway)) | 2 min | 5 min | 0.3 mi |
| Forest Avenue (M - New York MTA Subway (The Subway)) | 2 min | 11 min | 0.6 mi |
| Seneca Avenue (M - New York MTA Subway (The Subway)) | 4 min | 15 min | 0.8 mi |
| Middle Village-Metropolitan Avenue (M - New York MTA Subway (The Subway)) | 3 min | 20 min | 1.1 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 15 min | - | 6.2 mi |
| John F Kennedy International | 20 min | - | 10.4 mi |
| Newark Liberty International | 33 min | - | 18.1 mi |
DJ Johnston
Matthews Real Estate Investment Services
DJ Johnston
Matthews Real Estate Investment Services
