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
Listing Courtesy of EXP Realty