Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Bathrooms: 7
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$3,999,999
Annual Taxes:$26,579.40
Listing Courtesy of Real Estate Concept Group Inc

Description

Fully Renovated Property for Sale – 850 Clarkson Ave This turnkey, property is an exceptional investment opportunity, delivered fully occupied for immediate cash flow. Residential Units Total of four modern apartments: (2) four-bedroom units (2) two-bedroom units Each unit equipped with its own dedicated boiler for independent heating All residential tenants guaranteed by the Section 8 program, ensuring stable, government-backed rental income Separate utilities for commercial tenants Investment Highlights Projected NOI: $257,000 Owner pays only for water and common area electricity Updated systems throughout: plumbing, electrical, and heating High rental demand in a rapidly developing neighborhood Strong Future Growth Potential The property is located near major developments that will add over 1,000 new residential units within a 2-mile radius by 2026: 329 Clarkson Ave (Clarkson Estates): 328 units under development – Learn more 564 Utica Ave (Utica Crescent): 325 units planned – Learn more These projects are expected to further boost local demand and long-term value.

Amenities

  • Cable - Available
  • Electricity Available
  • Electricity Connected
  • High ceiling
  • High Speed Internet
  • Kitchen Island
  • Marble Counters
  • Natural Gas Available
  • Natural Gas Connected
  • Natural Woodwork
  • Open Floorplan
  • Open Kitchen
  • Other
  • Phone Available
  • Phone Connected
  • Quartz/Quartzite Counters
  • Sewer Connected
  • Tile Counters
  • Trash Collection Public
  • Underground Utilities
  • Water Available
  • Water Connected

Fully Renovated Property for Sale 850 Clarkson Ave This turnkey, property is an exceptional investment opportunity, delivered fully occupied for immediate cash flow.


    Long Island MLS

    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.