44 1st Ave, Kings Park, NY — Sale in Kings Park, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Kings Park, NY 11754

Investment Figures

Cap rate
1.00%

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

Marcus & Millichap is proud to present for sale 44 1st Avenue ("Subject property"), a multifamily property located in King Park, NY. The subject property rests on a 1.00-acre parcel totaling approximately +/- 3,374 square feet of space. This property consists of a two-family, a cottage, and a garage/apartment building. The subject property is ideally located near the Kings Park LIRR train station, local schools, parks, and an array of restaurants and businesses. The property is ideally located near numerous national retailers like Key Food, Verizon, 7 Eleven, Dunkin’ and much more. The area demographics paint a picture of opportunity – over 52,000 people live within a three miles radius and an average household income is well over $182,000. Additional information is available upon request. Investment Highlights: • The subject property rests on a 1.00-acre parcel totaling approximately +/- 3,374 square feet of space. • This property consists of a two-family, a cottage, and a garage/apartment building. • The subject property is ideally located near the Kings Park LIRR train station, local schools, parks, and an array of restaurants and businesses. • The property is ideally located near numerous retailers like Key Food, Verizon, 7 Eleven, Dunkin' and much more.

Market Context

This multifamily in Kings Park, NY is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 87 days. Compare it against other multifamily listings for sale in Kings Park, NY — view the full market.

Contact

  • Michael Tuccillo

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