31 Bed 1 Bath Multi-family For Sale $7,750,000 14,400 sqft ($538 per sqft)
Broker: Michael Kolbus Marcus & Millichap Real Estate Investment Services Inc
Marcus & Millichap is pleased to present 43-18 25th Avenue.
Fully renovated units. All 12 units achieving fair market rents have been n
...read moreMarcus & Millichap is pleased to present 43-18 25th Avenue.
Fully renovated units. All 12 units achieving fair market rents have been newly renovated with excellent craftsmanship and attention to detail. They feature hardwood floors and granite kitchen tops demanding top of the market rents. This asset is a combination of pre- war exterior with a beautifully updated constructed interior, offering a lifestyle rarely seen in this neighborhood due to the older housing stock.
Long Term Retail+ Free Market Units. All market rate residential units have been fully gut renovated and are achieving market rents with the exception of apartments 5 & 11, allowing the owner to instantly capitalize on the residentially dense rental growth. This building features a diverse and attractive mix consisting of 7 two-bedrooms ($2,581/avg), 6 three-bedrooms ($2,946/avg), and 1 one- bedroom ($2,150/avg).
