Real Estate Investors - Great income producing property - 6% Cap Rate. Will not last. Motivated Seller. This 4 story, 40-unit building keeps the charm of the neighborhood. Located in the heart of Richmond Hill on a quiet block. Courtyard for residents. 1.5 blocks from restaurants, shopping, services and train station (J, Z stop). Near K-5 school (PS 273). The building has been well maintained by live-in Super. New boiler. Pet friendly - small dogs, cats are allowed. Laundry room in the Basement. Studios - 11 One Bedrooms - 18 Two Bedrooms - 11 PF Rent Roll: $531,828 Expenses: Pest Control: $1,307 National Grid: $25,889 Con Edison: $5,649 NYC Water Board: $12,626 Insurance: $7,656 Fire Department: $90 Property taxes :$70,000 Other: $12,228 _____________________ Total expenses: $135,445 ?PF Operating Income: $396,383 Cap rate = 6%
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