11-15 Whitney Ave, Floral Park, NY — Sale in Floral Park, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Floral Park, NY 11001

Photos

11-15 Whitney Ave, Floral Park, NY — Sale in Floral Park, NY, photo 1 of 3
11-15 Whitney Ave, Floral Park, NY — Sale in Floral Park, NY, photo 2 of 3
11-15 Whitney Ave, Floral Park, NY — Sale in Floral Park, NY, photo 3 of 3

Investment Figures

Cap rate
4.80%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Attractive 7-unit brick walk-up built in 1924, comprising 6,279 SF across three stories plus a full basement on a 0.11-acre lot.? Pride-of-ownership property with a covered porch, private balconies, and ancillary income from garage parking and tenant storage.? Located within immediate proximity to the Floral Park LIRR station, offering a sub-35-minute commute to Penn Station and Grand Central Madison.? Situated along the Jericho Turnpike retail corridor with Stop & Shop, HomeGoods, Five Below, Panera, CVS, TD Bank, and Applebee's, and two miles from Belmont Park and UBS Arena, home of the New York Islanders.? Investment Highlights: • ?Well-Maintained, Turnkey Multifamily Asset — Attractive 7-unit brick walk-up built in 1924, comprising 6,279 SF across three stories plus a full basement on a 0.11-acre lot. • ?Significant Embedded Rent Upside — All seven units are currently leased at preferential rents well below their legal registered amounts. • Compelling Basis in a Supply-Constrained Nassau Market — Priced at $1,150,000, or roughly $164,000 per unit and $183 per square foot, well below replacement cost. • Steps to the LIRR — Located within immediate proximity to the Floral Park LIRR station, offering a sub-35-minute commute to Penn Station and Grand Central Madison. • Robust Demographics and Best-in-Class Schools — 41,022 residents within one mile and 303,526 within three miles.

Market Context

This multifamily in Floral Park, NY is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Floral Park, NY — view the full market.

Contact

  • Mike Tuccillo

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