The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

Massey Knakal Realty Services has been retained on an exclusive basis to sell an apartment building at 42-72 80th Street. The property is located on the corner of 45th Avenue and 80th Street in the Elmhurst neighborhood of Queens. The asking price is $21,500,000.

The six-story elevator-serviced building contains approximately 89,000 square feet and sits on a 234’ x 105’ lot.  It consists of 103 residential units, of which 95 are free market and eight are rent stabilized, and 21 indoor parking spaces.  The building contains 18 studios, 42 one-bedroom apartments, and 43 two-bedroom apartments.  Six of the units feature terraces/outdoor space.  This property is ideal for condominium conversion.

The building is conveniently located just a few blocks from the M and R subway lines on Broadway, and in close proximity to various bus routes and major roads and highways.  This is a rare opportunity for an investor to own one of the largest apartment buildings in a desirable area of Queens.

This property is being marketed exclusively by Massey Knakal’s Thomas A. Donovan.

Click here for listing details

Neighborhoods: Elmhurst