New York, NY 11418

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$4,875,000
Annual Taxes:$15,312
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Nirvana Realty Inc

Welcome to this great opportunity to own this Restaurant bar along with 6 residential apartments.

Description

Welcome to this great opportunity to own this Restaurant/bar along with 6 residential apartments. Well equipped and updated in 2020. First floor is the restaurant/bar with public assembly certificate of occupancy designation substantially 50 feet by 50 feet, capacity 250 seated, with fully equipped kitchen. The first floor is Vacant at Present. Rent offers can be at $15,000 to $16,000. Cap rate minimum of 6 to 6.5. Can be used as a restaurant, bar, or club. Restaurant has it's own boiler and water heater. 6 Apartment unit fully rented annual income of $160,200. 6 separate boiler and water heater for residential units, Tenants pay their own electric, heat and cooking gas. Situated in a great location. Close to all major highways, achieving schools , transportation, buses and trains.

Amenities

  • Built-in Features
  • Ceiling Fan(s)
  • Convection Oven
  • Dishwasher
  • Disposal
  • Electricity Available
  • Electricity Connected
  • Exhaust Fan
  • Freezer
  • Gas Cooktop
  • Gas Range
  • Natural Gas Available
  • Natural Gas Connected
  • Refrigerator
  • Sewer Available
  • Stainless Steel Appliance(s)
  • 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.