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Address Not Available By Request

Flushing, NY 11355
  • $5,688,000
  • STATUS: Active
  • ON SITE: 312 Days
  • MLS #: 3275553
UPDATED: 28 min ago
$5,688,000
  • 10
    BEDS
  • 0.11
    ACRES
  • 20
    BATHS
  • 1
    1/2 BATHS
  • 17,325
    SQFT
  • $328
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:
Area:

School Information

Middle School:
High School:
School District:

Description

20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 6 Leases Rent Stabilized for 1 Yr, End Oct 2021 & 14 leases month to month. Projected Annual Rental Income (1800x10 and 1500x10) x12 Months= 396K. Expenses Aug 2019 to Oct 2020 is $139,097. Annual New Income Should Be 256,903 @ 4.08% Cap Rate. Very Convenient Location to Transportation Buses, Subway & Shops, Flushing Main Street. Solid Building, NYC Sq Ft 17,325, 3 Washer,2 Dryers in Bsmt. 4 years NEW Boiler/Hot Water Tank/Roof ! Excellent Investment Opportunity!

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© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Points North - Team Galligan. Data last updated: 2021-10-24T14:16:30.173.
www.thegalligangroup.com/homes/112618371
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Address Not Available By Request Flushing, NY 11355

  • Price: $5,688,000
  • Status: Active
  • Updated: 28 min ago
  • MLS #: 3275553
10
Beds
20
Baths
1
½ Baths
0.11
Acres
17,325
SQFT
$328
$/SQFT
1928
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Middle School:
Jhs 194 William Carr
High School:
Flushing High School
School District:
Queens 25
Property Description
20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 6 Leases Rent Stabilized for 1 Yr, End Oct 2021 & 14 leases month to month. Projected Annual Rental Income (1800x10 and 1500x10) x12 Months= 396K. Expenses Aug 2019 to Oct 2020 is $139,097. Annual New Income Should Be 256,903 @ 4.08% Cap Rate. Very Convenient Location to Transportation Buses, Subway & Shops, Flushing Main Street. Solid Building, NYC Sq Ft 17,325, 3 Washer,2 Dryers in Bsmt. 4 years NEW Boiler/Hot Water Tank/Roof ! Excellent Investment Opportunity!
Exterior Features

Architectural Style Other Building Size 40X80 Construction Materials Brick Garage YN No Lot Features Near Public Transit Lot Size Dimensions 50X100 Parking Features NoneOn Street

Interior Features

Appliances DryerOvenRefrigeratorWasher Basement FinishedFull Cooling YN Yes Fireplaces Total 0 Heating Natural GasSteam Interior Features Den/Family RoomHome OfficeLiving Room / Dining Room Number Of Kitchens 20 Rooms Total 70

Property Features

Inclusions DryerRefrigeratorWasher Lease Considered YN No Property Attached YN No Property Condition Very Good Property Sub Type Multi Family Property Type Residential Income Senior Community YN No Tax Annual Amount 62819.00 Water Source Public

Listing courtesy of Deirdre Folan of Keller Williams Rlty Landmark.
© 2021 OneKey MLS. All rights reserved.


© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Points North - Team Galligan. Data last updated: 2021-10-24T14:16:30.173.
 
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Keller Williams Points North - Team Galligan
100 Crossways Park Drive West, Suite 104
Woodbury NY, 11797