141 Bed > 1 Bath > Multi-family For Sale > Jackson Heights > Queens > NY
141 Bed 1 Bath Multi-family For Sale $37,500,000 118,770 sqft ($316 per sqft) |
Broker: Michael Kolbus Marcus & Millichap Real Estate Investment Services Inc |
Marcus & Millichap is pleased to present Georgian Hall.
The Georgian style 1930's construction has frontage on both 83rd and 84th street as
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Marcus & Millichap is pleased to present Georgian Hall.
The Georgian style 1930's construction has frontage on both 83rd and 84th street as well as the entire frontage 37th avenue. The building is 6 stories, consisting of 110 apartments and 12 ground floor commercial spaces totaling 122 units. Of 110 apartments, there are 47 studios, 42 one bedrooms, 11 two bedrooms and 10 three bedrooms. 27 apartments are free market and offer immediate upside. Additionally, there is a significant delta in actual rent versus legal rent, enabling an investor to capture further rental growth.
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