8-Unit Multi-Family Building at 62 29 102nd Street
$2,500,000
62 29 102nd Street, Rego Park, NY 11374
6,020 SF
Square Feet
$415
PPSF
Property Description
8-Unit Multi-Family Building For Sale in Forest Hills / Rego Park, Queens – Prime Investment Opportunity | 6,020 SqFt
This exceptional multi-family propertybuilt in 1983, offers 8 beautifully designed, sun-filled apartments in one of Queens’ most convenient and thriving neighborhoods — Forest Hills / Rego Park. With high-end finishes, strong rental demand, and unbeatable transit access, this is a turnkey investment for buyers seeking steady cash flow and long-term appreciation.
Property Features:
✔ Luxurious & Spacious Units – High ceilings, oversized windows, and flooded with natural light
✔ Designer Finishes – Polished hardwood floors, modern lighting, and premium fixtures throughout
✔ Gourmet Kitchens – Granite countertops, custom soft-close cabinetry, and stainless steel appliances
✔ Private Outdoor Space – Select units include balconies, perfect for city living
✔ Built for Comfort & Durability – Concrete construction with soundproofing for quiet, high-end living
Why This is a Smart Investment:
✅ High Rental Demand – Rego Park / Forest Hills attracts professionals, families, and students(near Queens College, and major hospitals)
✅ Transit Hub Location – Walking distance to MTA buses, Subways and major highways (495 LIE, Grand Central Pkwy, Van Wyck Expwy)
✅ Neighborhood Perks – Walking distance to Supermarkets (Costco, Key Food, 7/11, Trader Joe’s), diverse dining (Asian, Caribbean, Kosher options), Shopping (Queens Center Mall), parks, and top-rated Schools
✅ Low Vacancy Risk – Always in demand due to the safe, family-friendly area and excellent amenities
Perfect For:
🔹 Investors– Strong Cash Flowwith minimal turnover
🔹 Owner-Occupiers– Live in one unit, rent the rest (great for house hacking)
🔹 Developers– Potential to add valuethrough minor upgrades or repositioning
Don’t miss this rare opportunity to own a high-performing asset in one of Queens’ most sought-after neighborhoods!
📞 Schedule a private tour or request financials today!
Property Details
Asset Type
MultiFamily
Year Built
1983
Zoning
R4
Lot Size
3,800 SF
Neighborhood
Forest Hills
Submarket
Rego Park
ZIP
11374
Renovated
2020
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$142,215
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$11,851
Annual Debt Service
$142,215
View on Map
Address
62 29 102nd Street
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Rego Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.