Excellent investment opportunity !


Property

Website:https://www.nestseekers.com/5643049
Address:
New York, NY 11368
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,998,000
Annual Taxes:$31,300.84

Description

Excellent investment opportunity! Solid brick 9-family building with a cap rate of over 7% and stable rental income. Most units have been recently renovated, and the property features all-new electrical wiring. Ideally located just a 3-minute walk from the #7 subway station, providing convenient access to transportation and local amenities. All units are currently occupied on a month-to-month basis, offering flexibility for future owners. Building size: 20' x 80'.

Amenities

  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Billion Homes Realty Corp