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For SaleLuxury

$4,200,000

54 days on market

16411 Highland Avenue

Jamaica, NY 11432

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

2018

Built

Listing narrative

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.

Listing agent (MLS): Monica Soyemi · Listing brokerage (MLS): Real Broker NY LLC

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$4,200,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

0.17 acres

Year

2018

Status

For Sale

Days on Market

54

· 8% down, 7% APR, 30yr fixed
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Courtesy of Real Broker NY LLC