Description
20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 10 One Bedrooms 700+SF & 10 Studio 600+SF. 6 rent stabilized leases ending in Oct 2021. Other 14 leases are month by month. Current Rental income $24,925 X 12 = $299,100. Current Market Rental Income should be ($1800 X 10 + $1500 X 1) X 12 months = $396,000. Annual Net Income would be $256,903 & CAP 4.08% ! Lot size 50x100 Building 40x89 So 3,560 SF each floor, 14,240 SF Four Floors totally, plus full basement, NYC Square Footage 17,325 SF. 3 washers 2 dryers in the basement. 4 years NEW BOILER/Hot Water Tank, 4 years NEW roof. Solid Tutor Castle style "Gold Egg Hen Income Property" built in 1928, R. E. Tax $62,819. Just 1 min walk to Q12 on Sanford Av. 2 min walk to Q15(A) on 41 Av or Q65 on 45 Av. Only 0.8 miles 10 minutes walk to Flushing Main St for 7 train & LIRR. Conveniently located to So Many things whatever you need.
School Ratings & Info
Description
20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 10 One Bedrooms 700+SF & 10 Studio 600+SF. 6 rent stabilized leases ending in Oct 2021. Other 14 leases are month by month. Current Rental income $24,925 X 12 = $299,100. Current Market Rental Income should be ($1800 X 10 + $1500 X 1) X 12 months = $396,000. Annual Net Income would be $256,903 & CAP 4.08% ! Lot size 50x100 Building 40x89 So 3,560 SF each floor, 14,240 SF Four Floors totally, plus full basement, NYC Square Footage 17,325 SF. 3 washers 2 dryers in the basement. 4 years NEW BOILER/Hot Water Tank, 4 years NEW roof. Solid Tutor Castle style "Gold Egg Hen Income Property" built in 1928, R. E. Tax $62,819. Just 1 min walk to Q12 on Sanford Av. 2 min walk to Q15(A) on 41 Av or Q65 on 45 Av. Only 0.8 miles 10 minutes walk to Flushing Main St for 7 train & LIRR. Conveniently located to So Many things whatever you need.
© 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 Denis Murphy Real Estate | RE/MAX Unlimited. Data last updated: 2021-01-26T20:16:18.11.