9.4% Cap Rate in NYC

9.4% Cap Rate in NYC

9.4% Cap Rate in NYC
Kew Gardens, NY
Minimum Bid Only $2,990,000
Submit Bid Now
February 28
Auction Date

Property Highlights

Minimum Bid
Only $2.99M - 9.4% Cap Rate!
Fully-Leased Community Facility Condo
Kew Gardens
Parking Spaces

How to Participate

  1. Download Setup Click Here
  2. Submit Completed Registration Form to Access Due Diligence Information. (click HERE for form). Required to Participate.
    After returning the completed form, you will be emailed access to the Due Diligence Information, which includes helpful information for all properties in this auction.
  3. Tour property
    Please call 212.867.3333 or email [email protected] to arrange a tour.
  4. Submit Bid
    You must submit (a) a written bid(s), and (b) 10% deposit (by bank check or wire). Complete instructions are included in the Due Diligence Information.

    Properties subject to prior sale. Submit bids anytime.

    Broker Participation Invited
  • • Fully-leased lower level community facility condo
  • • 12 separate commercial spaces
  • • 9 fully-occupied above-grade parking spaces
  • • New boiler
  • • Unit 101 recently spent over $500,000 on renovations
  • • Located near the Kew Gardens LIRR stop and E, F, J, and Z subway lines
  • • Pending certificate of occupancy conversion. Seller has paid architect’s fees, buyer to cover balance of costs of compliance