20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios). 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. Excellent Investment Opportunity!
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