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Multifamily For Sale • 25,840 SF
| Current NOI of $327,450; pro forma NOI of $529,938 at legal rents |
| Short walk to Murray Hill LIRR and ~1 mile to 7 train at Flushing–Main St |
| Located in Murray Hill, one of Queens' most stable rental submarkets |
| 34% rent upside: in-place $641K vs. legal rents of $858K annually |
| 8 permanently free-market units deregulated pre-2019 under HSTPA |
| 33-unit, ±25,840 SF two-building package priced at $6,000,000 ($181K/unit) |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Murray Hill (Port Washington Branch - Long Island Rail Road) | 1 min | 8 min | 0.4 mi |
| Broadway (Port Washington Branch - Long Island Rail Road) | 2 min | 12 min | 0.6 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 11 min | - | 4.5 mi |
| John F Kennedy International | 17 min | - | 10.9 mi |
| Newark Liberty International | 40 min | - | 25.1 mi |
David Caba
Matthews Real Estate Investment Services
David Caba
Matthews Real Estate Investment Services
