New York, NY 11375

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: No Pets Allowed
Lot Size: 0.11 Acres

Financials

Price:$1,600,000
Annual Taxes:$44,381
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Trademarko Realty Inc

Welcome to 6361 110th Street property located in the highly desirable Forest Hills neighborhood, this well maintained six family brick building presents a rare opportunity to acquire a fully rent ...

Description

Welcome to 6361 110th Street property located in the highly desirable Forest Hills neighborhood, this well-maintained six-family brick building presents a rare opportunity to acquire a fully rent-stabilized asset in one of Queens’ strongest rental markets. It consists of six rent-stabilized residential apartments and six on-site garages, providing both stable income and additional revenue potential. Apartment configuration includes: *two 2-bedroom apartments, *two larger 1-bedroom apartments and two smaller 1-bedroom apartments. The building is of solid brick construction, offering durability, low maintenance, and long-term value. The unit mix appeals to a wide range of tenants, supporting consistent occupancy. The presence of six garages is a significant amenity in Forest Hills, enhancing income. and tenant demand. Approximate yearly gross income close to $160,000 Situated on a residential block with convenient access to transportation, shopping, dining, and neighborhood amenities, this property represents a stable, long-term investment with upside through future rent growth and operational efficiencies.

Amenities

  • Electricity Connected
  • Natural Gas Connected

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.