Marcus & Millichap - Tri Borough Multi-Family

3116, 3120 32nd Street

3116, 3120 32nd Street
, Queens

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Price: $4,470,000
Building Size: 20,400 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Matthew(dotted)Fotis(at)marcusmillichap(dotted)com
INVESTMENT OVERVIEW:

Marcus & Millichap is pleased to offer the following opportunity in the Astoria section of Queens, NY. 3116 and 3120 32nd Street between 31st and Broadway Avenue is composed of two four-story, walk-up apartment buildings. (Block: 613, Lots: 47, 49) Each building consists of one studio apartment and sixteen one-bedroom apartments, for a total of 34 units. The buildings sit on 40.25 ft. x 90 ft. lots with 10,200 rentable square feet each for a total of 20,400 rentable square feet. The properties are zoned R6. These properties offer investors the opportunity to capitalize on the strong and steady growth occurring in the Astoria section of Queens.