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8-Unit Multi-Family Building at 62 29 102nd Street

8-Unit Multi-Family Building at 62 29 102nd Street
FOR SALE
View more

$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 UnitsHigh ceilings, oversized windows, and flooded with natural light
Designer FinishesPolished hardwood floors, modern lighting, and premium fixtures throughout
Gourmet KitchensGranite countertops, custom soft-close cabinetry, and stainless steel appliances
Private Outdoor Space – Select units include balconies, perfect for city living
Built for Comfort & DurabilityConcrete 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 LocationWalking distance to MTA buses, Subways and major highways (495 LIE, Grand Central Pkwy, Van Wyck Expwy)
Neighborhood PerksWalking 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 RiskAlways 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.

Contact the Listing Team

JOHN Z. LIU

JOHN Z. LIU

Associate Broker

Call

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JOHN Z. LIU

JOHN Z. LIU

Associate Broker

Call