Long Island City, Queens County, New York, USA
- PROPERTY TYPE
Apartment
- BEDROOMS
24
- SIZE
9,000 sq ft
836 sq m
Key features
- Strong rent roll stability with long-term tenants and low vacancy.
- Individual unit metering and additional parking income with 10 parking spaces.
- Prime Middle Village location on a quiet, low- density block steps from the Metropolitan Avenue retail corridor.
- Excellent transit access via the M train and express buses, offering direct connectivity to Manhattan.
- Updated interiors with modern kitchens, stainless steel appliances, dishwashers, renovated baths, and ample natural light.
Description
12-Unit Multi-Family Building
Queens, NY
Reserve $3,800,000
Bid Dealine December 17
Located in the highly desirable neighborhood of Middle Village, Queens, this well- maintained 12-unit multifamily building offers stable in-place income. Built in 1930, this 3-story walk-up combines the timeless charm of pre-war architecture with modernized interiors, creating a durable, income-producing asset in one of Queens' most established residential neighborhoods.
Each-2-bedroom rent stabilized unit features spacious layouts, updated kitchens and baths, dishwashers, and ample storage, catering to strong tenant demand for quality housing in this submarket. The property benefits from its quiet, tree-lined setting while remaining just steps from the Metropolitan Avenue retail corridor, Juniper Valley Park, and key transit options including the M train at Middle Village-Metropolitan Avenue and multiple express bus lines. This balance of neighborhood tranquility and accessibility has made Middle Village a preferred destination for long-term renters seeking a blend of suburban character and urban convenience.
With consistent occupancy, proven rent stability and additional parking income, this represents an ideal acquisition for both private investors and portfolio owners seeking a dependable, low-risk multifamily asset in a premier Queens location.
Long Island City, Queens County, New York, USA
NEAREST AIRPORTS
Distances are straight line measurements- La Guardia(Local)4.6 miles
- John F. Kennedy(International)6.6 miles
- Newark Liberty(International)16.6 miles
- Westchester(Local)26.2 miles
- Philadelphia(International)74.0 miles
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Notes
This is a property advertisement provided and maintained by Paramount Realty USA, New York (reference Queens) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Paramount Realty USA, New York on 020 4634 3251.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”