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11-30, 11-32, 11-34 McBride Street 1130 McBride St

9 Unit Block of Flats £3,110,239 (£345,582/Unit) 9% Net Initial Yield Far Rockaway, NY 11691

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Investment Highlights

Built in 2023
9 free market units consisting of (4) 4-bedroom, (4) 3-bedroom and (1) 2-bedroom

Three 3-story semi-attached multifamily buildings

Executive Summary

Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale 11-30 McBride Street, Far Rockaway, NY 11691 (the “Property”) located in the Far Rockaway neighborhood of Queens.
Built in 2023, this new construction property consists of three 3-story semi-attached multifamily buildings built on 3 lots totaling 9,275± SF. There are 9 free market units consisting of (4) 4-bedroom, (4) 3-bedroom and (1) 2-bedroom. The property is zoned R5 and located within a qualifying opportunity zone. The property will be delivered vacant. A few blocks away from the Far Rockaway [A] subway station. Seller expects to obtain TCO by year-end 2023.

11-30 - 11-34 McBride Street_OM

Property Facts

Price	£3,110,239	Building Class	C
Price Per Unit	£345,582	Lot Size	0.20 AC
Sale Type	Investment	Building Size	9,275 SF
Net Initial Yield	9%	Average Occupancy	0%
No. Units	9	Number of Floors	3
Property Type	Residential	Year Built	2023
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£3,110,239
Price Per Unit	£345,582
Sale Type	Investment
Net Initial Yield	9%
No. Units	9
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.20 AC
Building Size	9,275 SF
Average Occupancy	0%
Number of Floors	3
Year Built	2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.