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10-unit Briarwood building on sale for $2.85 million – QNS.com

10-unit Briarwood building on sale for $2.85 million

Photo courtesy of Christopher Bride/PropertyShark

A four-story Briarwood building with 10 apartments at 141-27 84th Dr. has just hit the market, according to GFI Realty Services.

The building features numerous amenities, including hardwood floors, spacious kitchens and storage space. It also has a laundry room.

Owner AKT Properties bought the land in 2007 for just $850,000, city records show. They demolished the detached family house on the site soon after and then filed plans to construct the current building in 2010.

The walk-up apartment building is listing at just $2.85 million. Brokers believe it will be great for investors looking to enter the Queens market because of tax breaks it gets.

“141-27 84th Dr. has a tax abatement, which will limit expenses for over a decade and increase the property’s profitability,” said GFI Realty Associate Director Dan Suissa.

 

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