The Subject Properties includes the sale of 901 40 Ave and 38-65 9 St in Prime Location in Long Island City. The buildings are located next to each other on the Corner of 9th Street and 40 Ave. The Building with 901 40 Ave includes one Store and Seven (3) bedroom apartments, all rented . The building is rent stabilized with additional 3,120 Buldable Sqft of air rights . The second building on 3865 9 St includes one office and Three (1) bedroom apartments,all rented and the building is not rent stabilized Total Gross Income is $250,000 and total Net Income is $217,000 Prime location on 40 Ave, corner of 9rh St. Close to Subway express F train and many stores and gas stations and highways.
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