879 Cypress Ave | Flushing, NY 11385
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879 Cypress Ave
Flushing, NY 11385
Residential Property For Sale · 6 Units
Investment Highlights
- Gut renovated 6 unit low-rise multifamily building in Queens.
- Units feature high ceilings, hardwood floors, recessed lighting, and high end finishes.
Executive Summary
Invictus Property Advisors exclusively presents 879 Cypress Avenue, a 6-unit gut renovated multifamily building located in Ridgewood, Queens. The building was substantially rehabilitated in 2020 and contains six (6) gut renovated units that are all free market. All units are three (3) bedrooms and three (3) bathrooms (each room has its own private bath ensuite). The basement of the building has also been renovated and contains washer and dryer units that the tenants can utilize. 879 Cypress Avenue is 0.3 miles away from the Myrtle-Wyckoff Avenue Station servicing the M & L lines.
PROPERTY FACTS
| Price Per Unit | £422,576 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Net Initial Yield | 7.21% | Building Size | 4,500 SF |
| No. Units | 6 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1931/2020 |
| Property Subtype | Apartment | Parking Ratio | 10/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | £422,576 |
| Sale Type | Investment |
| Net Initial Yield | 7.21% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,500 SF |
| Number of Floors | 3 |
| Year Built/Renovated | 1931/2020 |
| Parking Ratio | 10/1,000 SF |
Unit Amenities
- Air Conditioning
- Eat-in Kitchen
- Wooden Floors
Site Amenities
- Laundry Facilities
- Games room
PROPERTY TAXES
| Parcel Number | 03560-0003 | Improvements Assessment | £83,279 |
| Land Assessment | £1,186 | Total Assessment | £84,465 |
PROPERTY TAXES
Parcel Number
03560-0003
Land Assessment
£1,186
Improvements Assessment
£83,279
Total Assessment
£84,465
zoning
| Zoning Code | C4-3A (Regional commercial center located outside of the central business districts) |
| C4-3A (Regional commercial center located outside of the central business districts) |
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