Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA
Phone: +1 929-442-2208
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers, amp ; End Users !
Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 5 Unit Free Market Apartment Building In Flushing For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, (1) 5 Br. Apartment, (1) 3 Br. Apartment, (2) 2 Br. Apartments, (1) 1 Br. Apartment, Basement, Rear Yard, Private 2 Car Garage, Private Driveway, 6 Parking Spaces, High 8’ Ceilings, 200 Amp Power, Updated Electrical Wires & Panels, New Boiler Installed In 2023, A/C, +++!!! The Property Is Located In The Heart Of Elmhurst Right Near The Queens Center Mall!!! The Property Is Situated Between I-495 (L.I.E.), Woodhaven Blvd., & Queens Blvd.!!! Neighbors Include Citibank, Bank of America, T-Mobile, Costco, Target, Macy’s, Retro Fitness, Applebee’s Bar & Grill, The Cheesecake Factory, Shake Shack, Olive Garden, Popeye’s Louisiana Kitchen, Quest Diagnostics, Walgreens, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
LL (3 Br. Apt.): $30,000 Ann.; M-M.
1st Fl. (5 Br. Apt.): $48,000 Ann.; M-M.
2nd Fl. (Front 1 Br. Apt. ): $14,700 Ann.; M-M.
2nd Fl. (Rear 2 Br. Apt.): $29,160 Ann.; M-M.
3rd Fl. (2 Br. Apt.): $27,000 Ann.; M-M.
2 Car Garage: $2,400 Ann.
1 Car Parking: $1,800 Ann.
1 Car Parking: $1,800 Ann.
1 Car Parking: $1,200 Ann.
Gross Income: $156,060. Ann.
Expenses:
Oil: $8,000. Ann.
Electric: $2,070. Ann. (Hallway & Boiler Only)
Water & Sewer: $2,543 Ann.
Insurance: $3,568 Ann.
Snow & Landscaping: $0 Ann.
Maintenance: $2,500 Ann.
Taxes: $17,746 Ann.
Total Expenses: $36,427 Ann.
Net Operating Income (NOI): $119,633 Ann.
Amenities
- Electricity Connected
- Water Connected

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.