Glendale, NY 11385,71-20 Central AVE

$1,365,000

$1,395,000

2.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7 Beds

5 Baths


SOLD DATE : 01/14/2025

Key Details

Sold Price $1,365,000

Property Type Commercial

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID L3552448

Style Other

Bedrooms 7

Full Baths 5

Year Built 1931

Annual Tax Amount $13,238

Property Sub-Type Multi Family

Property Description

Welcome to your next investment opportunity in Glendale, NY! This well-maintained corner brick building boasts a prime location and lucrative potential. Comprising five residential units along with a convenient 2-car garage, this property offers both versatility and convenience. Currently, apartment 1R stands vacant, presenting an immediate opportunity for occupancy or customization. With a potential net annual income of $103,200 upon rental of 1R, and a net income of $72,610, this investment promises substantial returns. The building features four one-bedroom apartments and one spacious three-bedroom unit, catering to a variety of tenant needs. Heating is provided by oil, ensuring comfort throughout the seasons. Located in proximity to Atlas Mall and just a stone's throw away from the express bus on 73rd and Myrtle, commuting into Manhattan is a breeze. Whether tenants seek urban amenities or suburban tranquility, this property offers the best of both worlds. Don't miss out on this exceptional opportunity to add a lucrative asset to your portfolio., Building Size:20 x 50

Location

State NY

County Queens

Interior

Heating Oil, Hot Water

Cooling Wall/Window Unit(s)

Flooring Hardwood

Exterior

Parking Features Attached, Private

Utilities Available Trash Collection Public

Building

Lot Description Corner Lot, Near Public Transit, Near School

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 91 Richard Arkwright

High Schools Queens24

School District Queens24

Others

Special Listing Condition None

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Listed by Crifasi Real Estate Inc
Bought with Richmont Realty

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agent

Luciane Serifovic

CEO & FOUNDER | License ID: 10491208575

+1(917) 567-8767

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