LIC 60
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LIC 60
2 Multifamily Properties Offered at $12,834,926 CAD in Multiple Locations
Investment Highlights
- Located in prime Hunters Point, Long Island City
- 100 % Occupancy
- Significant Preferential Rent ready to be unlocked
- 7 Train & LIRR provide sub-10 minute commute to Grand Central Terminal (midtown Manhattan)
- 11/60 Units Are Free Market
- Call Sean at (718) 475-4331 for more information today!
Executive Summary
The New York Multifamily team of Marcus and Millichap is pleased to exclusively offer for sale The Hunter’s Point Collection, which is located in prime Hunter’s Point, Long Island City. With a mix of high-rent RS and free-market units, the offering is asking for a 6.9% current cap rate, a 7.24% cap rate with free-market apartment turns, and a 8.57% cap rate if all free-market and preferential rent-RS units are brought to market. You cannot get any closer to Manhattan - 7 train to Grand Central across the street.
Property Facts
| Price | $12,834,926 CAD | Status | Active |
| Price / SF | $331.87 CAD / SF | Number of Properties | 2 |
| Sale Conditions | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 7.10% | Total Building Size | 38,675 SF |
| Sale Type | Investment | Total Land Area | 0.34 AC |
| Price | $12,834,926 CAD |
| Price / SF | $331.87 CAD / SF |
| Sale Conditions | 1031 Exchange |
| Cap Rate | 7.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 38,675 SF |
| Total Land Area | 0.34 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1158 49th Ave, Astoria, NY 11101 | Multifamily | 18,050 SF | 1931 | - |
|
49-02 21st Street
4902 21st St, Long Island City, NY 11101 |
Multifamily | 20,625 SF | 1931 | - |
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LIC 60
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