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  Metropolitan 1

  Multifamily property SOLD
Metropolitan 1
Metropolitan 1
Queens, NY 11373
Sale Price$38,000,000
Property TypeElevatored Building
Walk-Up Building
NeighborhoodElmhurst 
No. of Properties5
Zoning CodeR7-B (3.0); R4; R4-1 (0.75); R5; R7-1
Bldg Size234,830 SF (Approx)
No. of Units311
Sale Date7/19/2013
Investment highlights: 
This package consists of four (4) elevatored buildings and one (1) walk-up building that contain 311 apartments. All buildings are located in the vicinity of Roosevelt Avenue and are a short walk to either the 7 train on Roosevelt Avenue or the M/R train at Elmhurst Avenue.
Location: 
Elmhurst & Jackson Heights sections of Queens

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.

 
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Ariel Property Advisors LLC
122 East 42nd Street
Suite 1015
New York, NY 10168
Phone: 212.544.9500
Fax: 212.544.9501
Email: info@arielpa.com
 
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