Full gut renovated, semi detached all brick 3 story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.
| Website: | https://www.nestseekers.com/5663664 |
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| Address: | New York, NY 11368 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | Studio |
Financials
Description
Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime corner storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET with zero rent stabilization. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!
Amenities
- Electricity Connected
- High ceiling
- Natural Gas Connected
- Open Kitchen
- Other
- Sewer Connected
- Trash Collection Public
- Washer/Dryer Hookup
- Water Connected
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of New Group Realty Inc | |