Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA
Phone: +1 929-442-2208
Listing Courtesy of Weichert Realtors TMT Group
6 family building with vacant 1200 sq ft store front on ground floor formerly a bar.
View of property
Description
6 family building with vacant 1200 sq ft store front on ground floor formerly a bar. No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Pro forma annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Cap Rate 8.58%
Rent Increases in Rent Stabilized Homes:
1-year lease. 2.75%. 2-year lease 5.25%
Amenities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
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.
