8 Units Multi-Family in Prime location of Flushing Queens. Build in 2005. 15 years 421a tax abatement till year 2022. Great location, near by all shopping, restaurant, supermarket, school, and transportation. 4 Story Brick walk up apartment with basement. Two apartments per floor. All occupied with rent stabilized. Landlord pays water. Tenants are responsible to Heat and Electric. All separate meters. Total rental income $126,240/year *1st floor: 1F Studio $1,000/mo. 1R One Bed/ One Bath $1,360/mo *2nd floor: 2F One Bed/ One Bath $1,360/mo. 2R One Bed/ One Bath $1,360/mo *3rd floor: 3F One Bed/ One Bath $1,360/mo. 3R One Bed/ One Bath $1,360/mo *4th floor: 4F One Bed/ One Bath $1,360/mo. 4R One Bed/ One Bath $1,360/mo Total Expense $27,276. *Tax: $10,776 / year *Water: $10,000/year *Insurance $5,000/year *Misc Expense: $1,500/year Net Operating Income: $98,964
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