New York, NY 11101

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 6
Pets: No Pets Allowed

Financials

Price:$1,790,000
Annual Taxes:$40,928
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Winzone Realty Inc

Huge Price Reduction. Prime Mixed Use Investment Opportunity in Long Island City Sunnyside Border !

Description

Huge Price Reduction. Prime Mixed-Use Investment Opportunity in Long Island City / Sunnyside Border! Introducing 36-15 and 36-17 Greenpoint Avenue, a well-maintained mixed-use property featuring three renovated residential apartments and one ground-floor commercial space. Building area consists of TWO BUILDINGS totaling 3,200 sq ft within one tax lot. Gut renovated in year 2013. Each unit has their own meters and individual heating system. The property is 100% occupied, generating strong and consistent rental income with room for future upside. Building 1: Two residential units each offer bright two-bedroom one bath. Building 2: Mixed-use with one residential offer three-bedroom and two-bath, and one commercial unit. Located minutes from the 7 train at 40th Street and major bus routes, this property sits in a high-demand corridor surrounded by shops, schools, and new developments. Excellent visibility along Greenpoint Avenue makes it ideal for both investors and owner-users. Highlights: - Four total income-producing units (3 residential + 1 commercial) - Gross annual rent approx. $150,385 with stable tenancy - Separate utilities / low operating expenses - Proximity to Queens Blvd, BQE, and Queens Midtown Tunnel - Potential to increase rents with light value-add improvements This is a turn-key asset with immediate income and long-term appreciation potential in one of western Queens’ most desirable investment pockets.

Amenities

  • Cable - Available
  • Electricity Available
  • Entrance Foyer
  • First Floor Bedroom
  • First Floor Full Bath
  • High ceiling
  • High Speed Internet
  • Natural Gas Available
  • Phone Available
  • Water Available

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.