42-62 157th Street

$5,600,000
Price
21
Beds
35
Baths
21,600 Sq. Ft.
$259 / Sq. Ft.
21,600
Sq. Ft.
$259
per Sq. Ft.

Description

Solid Brick Legal 35 Unit Apartment Building in the Heart of Flushing! Excellent Investment Property and Ideal 1031 Exchange! 17 (1 Bedroom Apartments), 16 (Studios), 2 (Two Bedroom Apartments). Annual income $446,900 (including Rooftop Antenna $6,600). Annual Net Income 276,393 & CAP 4.93%. Well Maintained Building- Utility Rm in Bsmt, NEW Roof (5 Years). Very Convenient to Flushing Main Street- Transportation Q12, N20, Q65, Q27 and LIRR Murray Hill & Broadway 2 stations, & Shopping!Solid Brick Legal 35 Unit Apartment Building in the Heart of Flushing! Excellent Investment Property and Ideal 1031 Exchange! 17 (1 Bedroom Apartments), 16 (Studios), 2 (Two Bedroom Apartments). Annual income $446,900 (including Rooftop Antenna $6,600). Annual Net Income 276,393 & CAP 4.93%. Well Maintained Building- Utility Rm in Bsmt, NEW Roof (5 Years). Very Convenient to Flushing Main Street- Transportation Q12, N20, Q65, Q27 and LIRR Murray Hill & Broadway 2 stations, & Shopping!

Property Details for 42-62 157th Street

Township
Queens
Architectural Style
Other
Garage Spaces
.00
Section Area
42 Ave
Offer Presentation
Cannot be Present
LISTING UPDATED: 10/01/2024 03:03 AM

Property Details for 42-62 157th Street

StatusActive
MLS ID3574590
Days on Market88
Taxes$59,949 / year
Maintenance-
Min. Down Pymt-
Total Rooms90.0
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1928
Lot Size7,405 SF / 60' x 123'
CountyQueens County

Building

42-62 157th St

35 Units4 StoriesBuilt in 1928

Building Information for 42-62 157th Street

Stories4Residences35Year Built1928Building Size60' x 115'Building Sq. Ft27,600 SFLot Size7,405 SF / 60' x 123'Building Age-Building Type-

Property Information for 42-62 157th Street

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 12
  • Tax Block: 5387
  • Tax Lot: 76
  • Property Attached: No
  • Structure Type: false
  • Property Condition: Very Good
  • New Construction YN: No
  • Flood Zone Report: 0
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Queens 25
  • Elementary School District: Queens 25
  • Middle Or Junior School District: Queens 25
  • Middle Or Junior School: Jhs 189 Daniel Carter Beard
  • High School District: Queens 25
  • High School: Flushing High School
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 35
Room Information
Room 1 Information
  • Room Level: First
  • Room Type: Additional
  • RoomDescription 1: 17 (1 Bedroom Apartments), 16 (Studios), 2 (Two Bedroom Apartments)
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 05387-0076
  • Tax Map Number: 05387-0076
Interior and Exterior Features
Interior Features
  • Amenities: Other, Public
  • Number Of Kitchens: 35.0
  • Total Rooms: 90
  • Living Area Units: Square Feet
  • Basement: Full
  • Fireplaces Total: 0
  • Location Amenities: Other/See Remarks
  • Common Walls: No Common Walls
Exterior Features
  • Exterior Property Features: On Street
  • Elevation Certificate: No
  • Construction Materials: Brick
Lot Information
  • Lot Size Dimensions: 60x123.42
  • Building Area Units: Square Feet
Parking
  • Parking Features: On Street
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: No
  • Cooling: None
  • Heating: Natural Gas, Hot Water
  • Heat Fuel Type: Natural Gas, Hot Water
  • Hot Water: On Demand
  • Number Of Separate Gas Meters: 35
  • Sewer: Public Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 35
Green Features
  • Green Features: Natural Gas, Hot Water

Property History for 42-62 157th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 42-62 157th Street

Taxable ValueLand$107,100Additions$315,450Total$422,550
Home Facts
Total Finished SqFt21,600 SqFtLot Size8,500 SqFtYear Built1928ZoningR4AAPN4053870076

Schools near 42-62 157th Street

This home is within New York City Geographic District #25.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 22 Thomas Jefferson
PublicPK to 5

Jhs 189 Daniel Carter Beard
Public6 to 8

Francis Lewis High School
Public9 to 12

Flushing International High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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42-62 157th Street is a multi-family home for sale in Flushing. This property was listed for sale on August 26, 2024 by Keller Williams Rlty Landmark, it's currently listed at $5,600,000. This listing's school district is New York City Geographic District #25. Nearby schools include P.S. 22 Thomas Jefferson, Jhs 189 Daniel Carter Beard and Francis Lewis High School. 42-62 157th Street is a 21-bed, 35-bath, 21,600 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Rlty Landmark

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.