Perfect for Contractor as Investment property. Terrific write off for a Doctor! Buyer pays Mansion Tax. Renovate first floor Dictor's office and collect $4,500 Plus 2nd floor and office is another $3,200 dollars Potential $7,700 monthly $92,600yearly Cap rate 7.5% potential Asking $1,350,000 Appraised at $1.3 million. Over 5,000 Sq ft Lot Without pre- qualification letter from bank no appointments can be made. Buyers no matter what the down payment is, must be able to verify their income. This is a residential and commercial property Most likely banks may require 40 or 50% down payment. One of a kind property in Maspeth Imagine your property frontage is on Maspeth Avenue( 61-42 Maspeth Ave.) And goes all the way back to Grand Avenue. 46x110 '. Over 5,000 Sq ft Lot With old fashioned huge 2 Family totally Detached. 7 over 6+ huge attic On Grand Avenue side of property small office with parking. 1st floor of home Doctors office for over 45 years. Now vacant. Renovated and you can attain $4,000 rent+$500 for parking in private driveway. Also Detached two car garage on property second floor tenant impeccable on time rent payments of $1800 monthly Can pay $1900 rent. Grand Avenue tenant pays $1200 rent Selling as is with Tenants. Vacant Doctors office after renovation can fetch $4,000 rent.
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