DEAL FELL THROUGH BACK ON THE MARKET !

141-05 Cherry Avenue Apt: 5-D
Queens NY 11355
Cross street:Union Street

Building

Type:Mid-rise
Era:Pre-war
Floors:10

Property

Ownership: Condo
Rooms: 5
Bedrooms: 2 BR
Bathrooms: 2
Pets: Pets No

Financials

Price: $599,000
Common charges: $194
Real estate tax: $20
Financing Allowed: 90%
Minimum down: $59,900
47-44 Vernon Blvd, Long Island City, NY 11101
Courtesy of Compass

Description

DEAL FELL THROUGH – BACK ON THE MARKET!


Investment opportunity: apartment served with a tenant in place providing a magnificent investment opportunity at an incredible price. Perched on the fifth floor of in an elevator building, this southern facing two bedroom boats two full bathrooms, a washer and dryer in unit and a balcony. Appliances still have the plastic on them and even vents outside. With a 3.7% CAP rate and tax abatement still in place, this is the investment you have been searching for... pictures don’t do justice!
Please note that the current asking price has already taken into account a one year rent credit at market rate ($2,000 per month) to the new owner with tenant in place – a CAP rate of 3.7%. If the buyer prefers to purchase the unit with a monthly income instead of a rent credit, the asking price is $623,000.

Amenities

  • Balcony
  • Washer Dryer
  • Elevator
  • Virtual Doorman

Neighborhood

More listings:

DEAL FELL THROUGH BACK ON THE MARKET !

Description

DEAL FELL THROUGH – BACK ON THE MARKET!


Investment opportunity: apartment served with a tenant in place providing a magnificent investment opportunity at an incredible price. Perched on the fifth floor of in an elevator building, this southern facing two bedroom boats two full bathrooms, a washer and dryer in unit and a balcony. Appliances still have the plastic on them and even vents outside. With a 3.7% CAP rate and tax abatement still in place, this is the investment you have been searching for... pictures don’t do justice!
Please note that the current asking price has already taken into account a one year rent credit at market rate ($2,000 per month) to the new owner with tenant in place – a CAP rate of 3.7%. If the buyer prefers to purchase the unit with a monthly income instead of a rent credit, the asking price is $623,000.

Amenities

  • Balcony
  • Washer Dryer
  • Elevator
  • Virtual Doorman

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.