Apt: 6
New York, NY 11356

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 10 BR
Bathrooms: 6
Lot Size: 0.1 Acres

Financials

Price:$1,299,999
Annual Taxes:$20,015.12
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Hampton Estates Realty LLC

Six unit rent Stabilized Queens multifamily with stable in place income, long term tenant base, and future upside upon legal vacancy.

Description

Six-unit rent Stabilized Queens multifamily with stable in-place income, long-term tenant base, and future upside upon legal vacancy. Ideal for a patient investor seeking a durable NYC income asset. Excellent opportunity located in the desirable College Point neighborhood of Queens. This well-maintained multifamily building presents a strong investment opportunity. The property features an ideal unit mix consisting of two 1-bedroom apartments on the first floor and four 2-bedroom apartments located on the second and third floors, offering strong tenant appeal and consistent rental demand. Currently generating over $111,000 in annual gross rental income, the property offers investors an approximate 6.3% cap rate, making it an attractive addition to any investment portfolio. Conveniently located in College Point, the property is close to shopping, restaurants, parks, schools, and public transportation, with easy access to Downtown Flushing, major highways, and LaGuardia Airport. This area continues to experience strong rental demand due to its convenient location and vibrant community.

Amenities

  • Bridge(s)
  • Built-in Features
  • Cable - Available
  • City
  • Electricity Available
  • Fire Alarm
  • Fire Escape
  • Fire Sprinkler System
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Available
  • Natural Woodwork
  • Neighborhood
  • River
  • Security System
  • Video Cameras
  • Water

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.