Turnkey 12 unit investment opportunity in Queens !
New York, NY 11432
Listing
| Web ID: | 5714243 |
|---|---|
| Website: | https://www.nestseekers.com/5714243 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.2 Acres |
Financials
Price:$4,200,000
Annual Taxes:$3,694
Description
Turnkey 12-unit investment opportunity in Queens! Built approximately four years ago, 164-11 Highland Avenue generates over $30,000 per month in gross income, with strong rent collections, minimal operating expenses and exceptionally low property taxes. Producing an approximate $300,000 NOI and offered at approximately a 7% cap rate, this modern, stabilized multifamily asset delivers immediate cash flow with low-maintenance ownership.
Amenities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
Contact
Listing Courtesy of Real Broker NY LLC