34-51 9th Street, Long Island City, NY 11106Queens, NY 11106
| Cross street: | East side of 9th Street between 34th and 35th Avenues |
|---|
Property
| Ownership: | Income Property |
|---|---|
| Type: | Multi-Family |
| Area: | 8514 sq ft |
| Lot Size: | 5000 sq ft |
FinancialsPrice: $4,150,000 Annual Taxes: $29,500
| Price: | $4,150,000 |
|---|---|
| Annual Taxes: | $29,500 |
505 Park Ave, New York, NY 10022 Phone: +1212-252-8772 Fax: +1212-252-9347 |
Description
Property consists of two contiguous lots improved with a three-story, 12-family apartment building. There are 7 two-bedroom apartments, 2 one-bedroom apartments, 2 three bedroom apartments and 1 four-bedroom duplex, all in excellent condition and have been renovated with new kitchens, bathrooms and windows. Apartments are separately metered. Building has been very well maintained with full, finished basement, new boiler and new roof. There is a driveway on the south side of the building with access to the shed in the rear as well as parking space for four cars.
Features:
-
5% CAP rate
-
Twelve (12) units
-
Well Maintained, excellent condition
-
New roof and boiler
-
All units have separate meters
-
Fully rented at below market rents
-
Several new developmental projects in area
-
NYC skyline
Within walking distance to multiple points of interest, including the Noguchi Museum, Socrates Sculpture Park, Rainey Park and Costco.
Directly across the street, there is currently construction at 34-46 Vernon Blvd for an 18 story building with 232 units, known as Alma Towers.
Developer Michael Heletz has also started construction on a six-story, 79-unit building one block away from listing. The 66,300-square-foot building will hold nearly 1,500 square feet in ground-floor retail space, and rise about 61 feet.
The surrounding area is undergoing a massive transformation and several major developments are under construction including Hallets Point and Astoria Cove.
Inspection of the property will be made by appointment only. Please feel free to drive by the site and area. For additional information, please contact exclusive agent Sarah Michael 917-319-9811
Amenities- Investment Property
Neighborhood
Property consists of two contiguous lots improved with a three-story, 12-family apartment building. There are 7 two-bedroom apartments, 2 one-bedroom apartments, 2 three bedroom apartments and 1 four-bedroom duplex, all in excellent condition and have been renovated with new kitchens, bathrooms and windows. Apartments are separately metered. Building has been very well maintained with full, finished basement, new boiler and new roof. There is a driveway on the south side of the building with access to the shed in the rear as well as parking space for four cars.
Features:
- 5% CAP rate
- Twelve (12) units
- Well Maintained, excellent condition
- New roof and boiler
- All units have separate meters
- Fully rented at below market rents
- Several new developmental projects in area
- NYC skyline
Within walking distance to multiple points of interest, including the Noguchi Museum, Socrates Sculpture Park, Rainey Park and Costco.
Directly across the street, there is currently construction at 34-46 Vernon Blvd for an 18 story building with 232 units, known as Alma Towers.
Developer Michael Heletz has also started construction on a six-story, 79-unit building one block away from listing. The 66,300-square-foot building will hold nearly 1,500 square feet in ground-floor retail space, and rise about 61 feet.
The surrounding area is undergoing a massive transformation and several major developments are under construction including Hallets Point and Astoria Cove.
Inspection of the property will be made by appointment only. Please feel free to drive by the site and area. For additional information, please contact exclusive agent Sarah Michael 917-319-9811
- Investment Property
Neighborhood
12 Unit Walk-Up Apartment Building For Sale in Long Island City
Description
Property consists of two contiguous lots improved with a three-story, 12-family apartment building. There are 7 two-bedroom apartments, 2 one-bedroom apartments, 2 three bedroom apartments and 1 four-bedroom duplex, all in excellent condition and have been renovated with new kitchens, bathrooms and windows. Apartments are separately metered. Building has been very well maintained with full, finished basement, new boiler and new roof. There is a driveway on the south side of the building with access to the shed in the rear as well as parking space for four cars.
Features:
-
5% CAP rate
-
Twelve (12) units
-
Well Maintained, excellent condition
-
New roof and boiler
-
All units have separate meters
-
Fully rented at below market rents
-
Several new developmental projects in area
-
NYC skyline
Within walking distance to multiple points of interest, including the Noguchi Museum, Socrates Sculpture Park, Rainey Park and Costco.
Directly across the street, there is currently construction at 34-46 Vernon Blvd for an 18 story building with 232 units, known as Alma Towers.
Developer Michael Heletz has also started construction on a six-story, 79-unit building one block away from listing. The 66,300-square-foot building will hold nearly 1,500 square feet in ground-floor retail space, and rise about 61 feet.
The surrounding area is undergoing a massive transformation and several major developments are under construction including Hallets Point and Astoria Cove.
Inspection of the property will be made by appointment only. Please feel free to drive by the site and area. For additional information, please contact exclusive agent Sarah Michael 917-319-9811
Amenities- Investment Property
Neighborhood
Property consists of two contiguous lots improved with a three-story, 12-family apartment building. There are 7 two-bedroom apartments, 2 one-bedroom apartments, 2 three bedroom apartments and 1 four-bedroom duplex, all in excellent condition and have been renovated with new kitchens, bathrooms and windows. Apartments are separately metered. Building has been very well maintained with full, finished basement, new boiler and new roof. There is a driveway on the south side of the building with access to the shed in the rear as well as parking space for four cars.
Features:
- 5% CAP rate
- Twelve (12) units
- Well Maintained, excellent condition
- New roof and boiler
- All units have separate meters
- Fully rented at below market rents
- Several new developmental projects in area
- NYC skyline
Within walking distance to multiple points of interest, including the Noguchi Museum, Socrates Sculpture Park, Rainey Park and Costco.
Directly across the street, there is currently construction at 34-46 Vernon Blvd for an 18 story building with 232 units, known as Alma Towers.
Developer Michael Heletz has also started construction on a six-story, 79-unit building one block away from listing. The 66,300-square-foot building will hold nearly 1,500 square feet in ground-floor retail space, and rise about 61 feet.
The surrounding area is undergoing a massive transformation and several major developments are under construction including Hallets Point and Astoria Cove.
Inspection of the property will be made by appointment only. Please feel free to drive by the site and area. For additional information, please contact exclusive agent Sarah Michael 917-319-9811
- Investment Property
Neighborhood
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.