Elmhurst Investment Opportunity 6.
| Website: | https://www.nestseekers.com/4351129 |
|---|---|
| Address: | 34-36 110th Street Queens, NY 11368 |
| Cross street: | 34th Avenue |
| Type: | Low-rise |
| Era: | Pre-war |
| Floors: | 4 |
| Ownership: | income-property |
|---|---|
| Rooms: | 26 |
| Bedrooms: | Studio |
Financials
Price:$1,699,000
Real estate tax:$1,092
Description
Elmhurst Investment Opportunity - 6.5 Cap Rate!
Built in 2008, this well-maintained 4-story, 6-unit multifamily building with 1 commercial space offers a high-yield 6.5 cap rate in the heart of Elmhurst, Queens. Spanning 4,880 SF, the building sits on a 20 ft x 100 ft lot and benefits from a 421a tax abatement.
Mix of 1-2-3 bedrooms, fully occupied, the property features separately metered electric and gas.. The heating system is also separately metered, ensuring low operating costs. Strong rental income, and a prime location make this an exceptional turn-key investment opportunity.
Don't miss out on this rare find-
Amenities
- Walk-up
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of Douglas Elliman Real Estate | |
