Sixty Two (62) Unit Residential Building

auction details

Sells:  Sells Friday, December 1, 2023 @ 11:00 a.m. (EST)
Online Auction:  via Zoom
Bid Deadline:  Wednesday, November 29, 2023 @ 11:00 a.m. (EST)
Opening Bid:  $5,827,000
Required Deposit:  Cashier’s check in the amount of $500,000 made payable to “Golyan Enterprises LLC DIP”
Buyer’s Premium:  Four Percent (4%)

PROPERTY DETAIL

We are pleased to offer this large multi-family, rent stabilized, residential apartment building located in the Rego Park section of Queens, NY.  Built in 1964, this mid-rise, 7-story, 62-unit, elevatored is defined by 55,300 total square feet.  A 2,500 square foot parking garage, laundry room, and rear courtyard highlight the property.  This property generates in excess of $1.2mm per year and is suggested to have a NOI in excess of $600,000. 

Districts

TRANSPORTATION

This property is located just 0.4 miles or an 8 minute walk to the 63rd Drive–Rego Park subway station for the R, M trains.  The Q38 and Q88 bus routes are both only .1 miles away or a 2 minute walk.

DISCLOSURE

All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.