$4,300,000
Est. payment /mo
7,501 Sqft Lot
New
16411 Highland AVE Jamaica, NY 11432
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1044036
Rental Info No
Year Built 2018
Annual Tax Amount $3,694
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Multi Family
Source onekey2
Property Description
Turnkey 12-unit investment opportunity in Queens! Built approximately four years ago, 164-11 Highland Avenue generates over $30,000 per month in gross income, with strong rent collections, minimal operating expenses and exceptionally low property taxes. Producing an approximate $300,000 NOI and offered at approximately a 7% cap rate, this modern, stabilized multifamily asset delivers immediate cash flow with low-maintenance ownership.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Other
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Unknown
Schools
High Schools Queens 28
School District Queens 28
Others
Special Listing Condition None
Listed by Real Broker NY LLC • Monica Soyemi
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