Located in the heart of East Elmhurst, this newly built 2023 multi family property with elevator offers a rare investment opportunity with a 35 year tax abatement.


Property

Website:https://www.nestseekers.com/4931826
Address:
New York, NY 11369
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$5,180,000
Annual Taxes:$3,396.16

Description

Located in the heart of East Elmhurst, this newly built 2023 multi-family property with elevator offers a rare investment opportunity with a 35-year tax abatement. The building features six 2-bedroom units, one 4-bedroom unit, and one 5-bedroom unit, appealing to a broad range of tenants and household needs. With an annual rental income of $370,800, the property provides strong income potential in a convenient Queens location near LaGuardia Airport, shops, restaurants, supermarkets, schools, and public transportation. Seller financing is available for qualified buyers.

Amenities

  • Electricity Connected
  • Electric Water Heater
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Tony & William R E Brotherhood