Marcus & Millichap is pleased to offer 41-32 53rd Street, located between Skillman Avenue and Roosevelt Avenue in the Woodside section of Queens. The subject property is a three-story residential building that consists of 12 apartments. The property is built 27 feet by 68 feet and sits on a 27.08 foot by 100 foot lot with approximately 5,208 gross square feet. The property is zoned C1-4/R6 (Block: 1315, Lot: 72). Current owner self manages and has talented super in building for repairs, keeping overhead low. The size of the building lends to easy self-management and the owner has left a few open apartments vacant intentionally for buyers inspection, otherwise occupancy is 100% in this highly desirable commuter location. Expenses shown are from owner records. Cap rate at current price using owners expenses is over 4.5% This property offers investors the opportunity to capitalize on the strong residential market occurring in the Woodside section of Queens, New York.
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