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.


Property

Website:https://www.nestseekers.com/5663664
Address:
New York, NY 11368
Ownership: For Sale
Type: Unknown
Bedrooms: Studio

Financials

Price:$3,780,000
Annual Taxes:$17,310

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

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of New Group Realty Inc