20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 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. 4 years NEW Boiler/Hot Water Tank/Roof ! Excellent Investment Opportunity!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
