6 FAMILY BUILDING FOR SALE, EXCELLENT PURCHASE FOR AN EXTENDED FAMILY, OR OTHER USER OCCUPANCY ONLY, NOT FOR RENTING PURPOSES, AVAILABLE FOR SALE. CAN BE CONVERTED TO CONDOMINIUM OR SINGLE FAMILY USE. DELIVERED CONDITIONALLY VACANT. (CURRENTLY 3 UNITS CAN BE DELIVERED VACANT, ADDITIONAL 3 UNITS CONDITIONED UPON SALE AGREEMENT, WITH A PROJECTED 3 MONTHS FOR A TOTAL VACANCY). PLEASE CALL JERRY AT 646-345-1869 FROM 11 AM TO 9 PM 7 DAYS PER WEEK. OR CALL ALI AT 347-491-3872 MONDAY THROUGH FRIDAY 10:15 AM, TO 6:45 PM. SATURDAYS FROM 9:15 AM TO 3:45 PM. THE PRICE IS $1,595,000 WHERE WE BUY OUT THE 3 REMAINING TENANTS RESIDING IN THIS HOUSE, AND $1,495,000.00 WITHOUT THE SELLER BUY OUT TENANTS RESIDING IN THIS HOUSE. IF DIVIDED BY 6 UNITS, IT EQUALS $265,883.00 PER UNIT, AT A MORTGAGE RATE OF 3.76% PLUS THE MONTHLY EXPENSES, THE MONTHLY AVERAGE COST PER UNIT IS ONLY $1,649.00. BROKER COMMISSION ON A NON-EXCLUSIVE BASIS IS 4.5% OR $71,775.00. EMAIL YOUR CLIENT NAME TO US. STATE IN THE SUBJECT LINE “CLIENT WE INTRODUCED TO 111TH STREET”, AFTER SHOWING THE PROPERTY, AND NOTIFYING US, AND THE COMMISSION WILL BE YOURS IF YOU FOLLOW THE INSTRUCTIONS ABOVE, AND IF YOUR CLIENT CLOSES. PROPERTY ESCRIPTION___________________________________________________________ 3 STORY BUILDING LOCATED IN CORONA, QUEENS, NY. ONLY 1 ½ BLOCKS FROM THE #7 TRAIN TO MANHATTAN. WITH 6 RESIDENTIAL UNITS, 10 BEDROOMS (4 APARTMENTS CONTAIN 2 BEDROOMS EACH ON THE SECOND AND THIRD FLOORS, 2 APARTMENTS ON THE GROUND FLOOR CONTAIN 1 BEDROOM EACH, CONVERTIBLE TO 2 BEDROOMS) AND 6 BATHROOMS, LOCATED 1 ½ SHORT BLOCKS FROM THE 111 STREET AND ROOSEVELT AVE “7” LINE TRAIN STATION. PROPERTY INFORMATION ---------- 4108 111TH STREET CORONA BLOCK / LOT ---------- 01997-0035 LOT DIMENSIONS ---------- 25 FT. BY 100 FT. LOT SIZE ---------- 2500 SQ. FT. BUILDING DIMENSIONS ---------- 25 FT. BY 58 FT. STORIES --------- 3 RESIDENTIAL UNITS --------- 6 COMMERCIAL UNITS -------- 0 TOTAL UNITS --------- 6 BUILDING SIZE --------- 4350 SQ. FT ZONING DISTRICT ---------- R5 ZONING MAP --------- 10B RESIDENTIAL FAR --------- 1.25 FACILITY FAR --------- 2 FAR AS BUILT --------- 1.74 ALLOWED USABLE -------- 3.125 USABLE FLOOR AREA AS BUILT --- 4.350 UNUSED FAR (CAN NOT ADD NEW FAR) ---- -1.225 BUILDING CLASS --------- FIVE TO SIX FAMILIES (C2) YEAR BUILT --------- 1973 STORIES -------- 3 AVERAGE RESIDENTIAL UNIT SIZE --------- 725 SQ. FT ROOF HEIGHT ---------- 24 FT TAX CLASS ----------- 2A ASSESSMENT (22/23) ------------- $302,816 REAL ESTATE TAXES (21/22) -------- - $34,395.00 EXPENSES ESTIMATED ; Real Estate Taxes/Yearly ---------- $34,395.00 Water & Sewer/yearly ---------- $3,600.00 Insurance/Yearly ---------- $4,800.00 Heating Fuel/Yearly ---------- $7,500.00 Electric ---------- $1,500.00 Repairs, Cleaning & Maintenance -------- $3,600.00 Payroll -------- $2,400.00 Legal/Miscellaneous --------- $1,000.00 GROSS OPERATING EXPENSES BEFORE MORTGAGE ---------- $58,795.00 Mortgage AT 3.76% ON 1.595 MILLION - ----- -- ---- $60,000.00 GROSS OPERATING EXPENSES WITH MORTGAGE ----------- $118,795.00 AVERAGE MONTHLY COST FOR EACH APARTMENT ----------- $1,649.00 OTHER ALL RELATED INFORMATION YOU CAN HAVE A LOOK IN PICTURES OF THIS ADVERTISEMENT
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