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About This Home

This 0-bedroom, 0-bathroom residential multi family at 14215 Cherry Avenue in Flushing, NY is listed for $13,888,000. Built in 2011, on a 0.13 acres lot.

Agent Description

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.

Key Features

  • Built in 2011
  • 0.13 acre lot

Property Details

2011

Amenities

A/C

Monthly Cost Estimate

$74,276/mo

20% down · 6.5% · 30 years

Principal$10,044
Interest$60,181
Insurance$4,051

Estimates only. Actual payments may vary.

Location

14215 Cherry Avenue

Flushing, NY 11355

Property Details

Construction

Brick

Parking

Garage

Heating

Baseboard

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 14215 Cherry Avenue is listed at $13,888,000. The estimated monthly payment is $60,181 based on 20% down at 6.5% interest.

Key features include: Built in 2011, 0.13 acre lot.

This property is listed by Hsin Yuan Yang and can be reached at 6466888998 or shirley@erealtyny.com.

HY

Hsin Yuan Yang

Agent at E Realty International Corp

(646) 688-8998

Listed by E Realty International Corp

MLS# 984354· Source: listhub· Updated 49 days ago

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14215 Cherry Avenue, Flushing, NY 11355

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