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$ 1,589,000
Est. payment | /mo
2,495 Sqft Lot
$ 1,589,000
Est. payment | /mo
2,495 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 847324
Rental Info No
Year Built 1931
Annual Tax Amount $20,204
Lot Size 2,495 Sqft
Acres 0.0573
Property Sub-Type Multi Family
Source onekey2
Property Description
6 family building with vacant 1200 sq ft store front on ground floor formerly a bar. No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Pro forma annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Cap Rate 8.58%
Rent Increases in Rent Stabilized Homes:
1-year lease. 2.75%. 2-year lease 5.25%
Rent Increases in Rent Stabilized Homes:
1-year lease. 2.75%. 2-year lease 5.25%
Location
State NY
County Queens
Rooms
Basement Full, Unfinished
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Fence Back Yard
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Story 4
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Weichert Realtors TMT Group • Joseph D. Ferone CBR
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