Description
Exceptional opportunity to acquire a fully leased six-family brick building in the highly resilient Ridgewood/Glendale rental corridor of Queens.
This well-maintained asset comprises six spacious two-bedroom, one-bathroom apartments, each offering generous living areas and functional kitchen layouts. The consistent two-bedroom unit mix remains one of the strongest-performing configurations in this submarket, supporting steady tenant demand and long-term rent stability.
Constructed of solid brick and positioned in a prime location near transportation, shopping, dining, and everyday conveniences, the property benefits from strong rental fundamentals and enduring neighborhood appeal.
An ideal turnkey investment offering immediate cash flow in one of Queens’ most dependable multifamily corridors.
Investment Highlights:
100% Occupied – Immediate Cash Flow
Gross Scheduled Income: $124, 063.2
Net Operating Income: $79, 827.2
Cap Rate: 6.15%
Price Per Unit: $216, 333
Address
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Address: 72-20 67TH Street
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City: New York City
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State/county: NY
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Zip/Postal Code: 11385
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Area: Glendale
Details
Updated on April 14, 2026 at 1:01 am-
Property ID RLS20076201
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Price $1,298,000
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Property Size 2800 Sqft
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Bedrooms 12
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Rooms 30
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Bathrooms 6
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Garage Size x x
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Year Built 1931
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Type Multi Family, Residential
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Property Status Active, For Sale
Additional details
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Cooling Window Unit(s)
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County Queens
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Property Type Residential
Features
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Down Payment
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Loan Amount
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Property Tax
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Home Insurance
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Monthly HOA Fees
