Excellent investment opportunity in the heart of Flushing.


Property

Website: https://www.nestseekers.com/5323566
Address:
New York, NY 11355
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$2,390,000
Annual Taxes:$45,401

Description

Excellent investment opportunity in the heart of Flushing. This well-maintained 8-unit residential building is being sold as a full building sale and is occupied with good, established tenants, providing immediate rental income for the new owner. The property is equipped with 9 gas meters and 9 electric meters, offering convenient utility separation and management. Located on Cherry Avenue, the building enjoys a highly desirable location near downtown Flushing, with easy access to a wide variety of restaurants, supermarkets, shops, and everyday conveniences. Public transportation is readily available, including the 7 train at Flushing–Main Street, the LIRR station, and multiple bus lines, allowing convenient access throughout Queens and into Manhattan. This income-producing property offers strong rental demand and long-term investment potential in one of Queens’ most vibrant and established residential neighborhoods. A great opportunity for investors seeking a stable asset in a prime location.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of United Real Estate Fortune