Introducing an Excellent Investment Opportunity in one of Queens most vibrant and established residential neighborhoods.
| Website: | https://www.nestseekers.com/5506142 |
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| Address: | New York, NY 11432 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Description
Introducing an Excellent Investment Opportunity in one of Queens’ most vibrant and established residential neighborhoods. This well-maintained three-story semi-detached brick walk-up features 8 residential units and offers approximately 4,380 square feet of living space on a 24x125 lot with R6A zoning. Built in 1970, the property consists of six one-bedroom apartments and two studio apartments, all rent-stabilized and fully occupied with established tenants, providing steady and reliable cash flow with future upside potential through continued rent growth in a strong rental market.
Situated just two blocks away from Hillside avenue, the property is within minutes to supermarkets, restaurants, shopping, laundromats, and other neighborhood essentials, making it a highly desirable address for tenants. Public transportation is easily accessible, including the E and F subway lines at 169th Street, along with multiple bus routes offering convenient access throughout Queens and Manhattan.
This is an exceptional opportunity for investors seeking a stable, income-producing asset with long-term appreciation potential in a prime Queens location. Call today for additional information!
Amenities
- Awnings
- Back Yard
- Electricity Connected
- Natural Gas Connected
- Near Public Transit
- Near School
- Near Shops
- Sewer Connected
- Trash Collection Public
- Walk Up
- Water Connected
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of Voro LLC | |