New York, NY 11207

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,999,999
Annual Taxes:$19,113
Listing Courtesy of JBarnes & Associates Inc

Why buy a 4 family when you can get a destabilized 6 family for the same or even less ?

Description

Why buy a 4 family when you can get a destabilized 6 family for the same or even less? 6 Apartments. ALL MARKET RENTS! NOT rent stabilized! NOT rent regulated! BONUS: Tenants pay their own utilities including heat, gas and electricity...low operating expenses! Priced to sell! This rare find is a great investment opportunity! Totally Renovated in 2007 this 6 family building has 5 three bedroom apartments and 1 two bedroom; Laundry with coin operated machines; plenty of basement area for storage and rentable space ...multiple opportunities to increase income! This is a rare opportunity for up and coming Central East New York. This property offers strong current cash flow with significant long-term appreciation potential. Rent-roll and income & expense spreadsheets available. DHCR destabilization documents available for investors and prequalified owner occupied buyer. Whether you’re an experienced investor looking to maximize returns or a qualified owner-occupant seeking a larger income-producing property, this is an exceptional opportunity.

Amenities

  • Electricity Connected
  • Natural Gas Connected

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.