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10 Buildings 95% Complete 20 residential and 10 Commercial Space.on ground floor

QUEENS NY
Let me know if it presents any interest
 

This 30-unit mixed use building, value-add opportunity, which is about 90% complete is available off-market. It features 20 - 3 bedroom / 2 bath apartments, and 10 bi-level commercial studios, great for national retail tenants (like a bank, grocery store, hardware, furniture). The property is an estimated at 46,000 sq. ft.

The Proforma's stabilized cap rate is 8.5%. 

The asking price is $13.5M
with the finishing touches on the property it will be worth well over 17 mil, i believe its only cosmetics left to be finished.

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