Nest Seekers

Located approximately five minutes from the subway, this legal eight family property offers strong rental income and excellent long term investment potential.

New York, NY 11368

Listing

Web ID:5747452
Website:https://www.nestseekers.com/5747452

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 16 BR
Bathrooms: 9

Financials

Price:$2,680,000
Annual Taxes:$1,120

Description

Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential. Property Highlights: Legal 8-family building, Solid brick construction, built in 2006 Four stories Approximately 6,424 sq. ft. of building area Approximately 22 × 73 ft. building dimensions Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatement Current total rental income: approximately $235,000 per year • Tenants pay all utilities and expenses • Easy-to-maintain all-brick construction • Approximately five minutes from the subway An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.

Amenities

  • Natural Gas Connected
  • Original Details

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of EXP Realty
​
Nest Seekers Logo
Loading...