An assemblage of 12 multifamily buildings in St. Albans has been listed for sale, according to GFI Realty Services, which is handling the transaction.
The asking price is $5.3 million, according to GFI Realty’s Max Koshkerman, who is handling the marketing of the properties.
The portfolio consists of contiguous two-story apartment buildings located at 187-05 through 187-21 Baisley Blvd. and 187-22 Foch Blvd., not far from retail and dining on Linden and Farmers boulevards. Each building has two one-bedroom units.
The properties are near the St. Albans LIRR station, providing access to Manhattan for tenants. There are also 50 parking spaces on the entire portfolio.
Based on location and the relatively low asking price, it could be a bargain for local investors.
“Located near Linden and Farmers boulevards, these units are all within walking distance of the dining and other conveniences that the nearby retail corridors provide,” Koshkerman said. “With its ideal location and relatively low rents, the buildings provide an enviable asset with significant upsides to investors.”