The Forray Team at The Corcoran Group is excited to present The Lindsay at 53-11 Skillman Avenue, a fully remodeled Five-unit boutique loft building located on the Sunnyside-Woodside border in Queens. This turn-key investment property includes five free-market units offering a strong blend of stability and growth potential in a high-demand rental market.
Originally redeveloped in 2021, The Lindsay combines classic brick architecture with luxurious modern finishes, including Italian cabinetry, oak flooring, and Carrara marble-inspired bathrooms. The building offers premium living spaces designed for long-term appreciation and high rental value. Current Cap Rate is 4.84% and is projected to be able to produce up to a 6.6% Cap Rate in the near future.
Just a few blocks from the 7 train at 52nd Street, The Lindsay offers easy access to Midtown Manhattan, multiple bus lines, and CitiBike stations, making it a prime location for renters seeking convenience and neighborhood charm. Surrounded by Sunnyside and Woodside's top cafes, restaurants, and boutique shops like Aubergine Caf and The Lowery Bar, it's also near Sunnyside Gardens Park and lively retail corridors.
Sunnyside is gaining recognition as one of NYC's most promising investment neighborhoods, with a 7.8% increase in StreetEasy searches from 2023 to 2024, underscoring its strong rental demand and future growth potential.
With modern upgrades, prime transit access, and a growing rental market, The Lindsay presents an exceptional turn-key investment opportunity in one of Queens' most desirable neighborhoods. For more details or to schedule a private showing, contact us directly.
