Off-Market Queens NYC Multifamily for Sale

A rare opportunity to acquire a 90-unit, mid-rise multifamily asset in a premier, high-density Queens, NY submarket. This off-market property offers a unique blend of 100% occupancy and immediate "Value-Add" potential. Situated in a supply-constrained urban pocket, the building benefits from its location near major transit hubs and a flourishing waterfront/commercial district, making it a cornerstone asset for any New York City portfolio.

Property Specifications

• Property Type: Multifamily (Apartment Building)

• Total Units: 90

• Building Size: 68,096 SF

• Current Occupancy: 100%

• Cap Rate: 6.00%

• Lot Size: 0.51 Acres

• Stories: 8 (Mid-Rise)

• Zoning: R6

• Asset Class: D (Value-Add Opportunity)

• Year Built: 1959

Investment Highlights

• Proven Cash Flow: Currently operating at 100% occupancy, providing strong, stabilized in-place income from day one of ownership.

• Aggressive Value-Add Potential: Significant upside available through strategic unit renovations and modernizing common areas to capture current market-rate premiums.

• Transit-Oriented Location: Ideally positioned within walking distance of major public transportation hubs, offering seamless access to Manhattan and major regional airports.

• Strategic Urban Submarket: Located in a high-demand rental area near a major waterfront and commercial district, ensuring consistent tenant retention and low vacancy trends.

• Long-Term Optionality: The R6 zoning and substantial 0.51-acre lot size offer future repositioning or redevelopment potential in a high-barrier-to-entry market.

Confidentiality & Access

Due to the off-market nature of this transaction, specific building details and financial records are strictly confidential.

Investment Note: This asset is a "Transit-Oriented" play that combines a stable 6% yield with the forced appreciation typical of 1950s-era mid-rise buildings in the outer boroughs.

For more information and to receive the full offering memorandum, please inquire directly.