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About the Listing ERLT01 - 93891
Prime mid-size multifamily investment opportunity in the heart of Flushing. This 6-story elevator building features 20 residential units, all configured as 2-bedroom, 2-bath layouts, offering strong rental appeal and efficient use of space. The property encompasses approximately 17,333 SF and includes a 500 SF community facility, providing additional flexibility and potential income streams. Zoned R7B, the asset offers long-term appreciation potential and future development upside. The building also includes 10 on-site parking spaces, a highly desirable amenity in this high-demand area. Ideally located within walking distance to Main Street transit hub (7 train & LIRR) and surrounded by major commercial destinations such as SkyView Center, Tangram, and New World Mall. Strong rental demand, low vacancy rates, and excellent neighborhood amenities ensure stable and consistent cash flow. A rare opportunity to acquire a well-positioned asset in one of Queens’ most sought-after rental markets.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage
Financial Details
- Tax Amount: $165,071
- Taxes w/Assessments: N/A
- Tax/Property ID: 05186-0054
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
14215 Cherry Ave Flushing, NY 11355
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