CORNER 4 FAMILY MIXED USE IN LONG ISLAND CITY
Rare opportunity – high cash flowing income property in the heart of Long Island City.
Projected Cap Rate is 8-9%.
1st Floor: (2,500sqft) Commercial Space -14feet ceiling+(1250sq ft Basement: 9 feet ceiling) Market Rent $12,000/m
2nd Floor:10 feet ceiling, 2 units, 2 bedroom Apartment. FREE MARKET
3rd Floor- 2 bedroom Apartments on each floor, Free Market
4 Car Garage
Property tax: 27,590/year. Insurance: $4000/year.
Lot: 25’ by 100’.
Every unit has own meter for gas and electric.
4 years old boiler.
Convenient location
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Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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