Nest Seekers

6 family building with vacant 1200 sq ft store front on ground floor formerly a bar.

New York, NY 11105

Listing

Web ID:4367472
Website:https://www.nestseekers.com/4367472

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,589,000
Annual Taxes:$20,204.63

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
  • View of property
  • View of property
  • View of side of home featuring brick siding
  • View of side of home featuring brick siding
  • Bar with indoor wet bar
  • Bar with indoor wet bar
  • Staircase featuring concrete block wall
  • Staircase featuring concrete block wall
  • View of stairs
  • View of stairs
  • View of doorway to property
  • View of doorway to property
  • Utility room featuring electric panel
  • Utility room featuring electric panel
  • View of utilities
  • View of utilities
  • View of utility room
  • View of utility room
  • Utility room with gas water heater
  • Utility room with gas water heater
  • Rear view of property featuring stucco siding
  • Rear view of property featuring stucco siding
  • ROOF
  • ROOF

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Weichert Realtors TMT Group