Price Reduction
Address
Not Disclosed Flushing, NY
Price
$ 6,288,888
Property Attributes
  • MLS#3275553
  • TypeMulti-Family
  • CountyQUEENS
  • CityFlushing
  • Area12
  • Zip11355
  • Style
  • Year Built1928
  • Taxes62819
  • Price$ 6,288,888
  • Bedrooms10
  • Full Bathrooms20
  • Half Bathrooms1
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Deirdre A Folan with Keller Williams Rlty Landmark
Property Description

20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios). 6 Leases Rent Stabilized for 1 Yr, End Oct 2021 & 14 leases month to month. Projected Annual Rental Income (1800x10 and 1500x10) x12 Months= 396K. Expenses Aug 2019 to Oct 2020 is $139,097. Annual New Income Should Be 256,903 @ 4.08% Cap Rate. Very Convenient Location to Transportation Buses, Subway & Shops, Flushing Main Street. Solid Building, NYC Sq Ft 17,325, 3 Washer,2 Dryers in Bsmt. 4 years NEW Boiler/Hot Water Tank/Roof ! Excellent Investment Opportunity!

Price History
12/15/2020 Listed $6,288,888
12/30/2020 12% - $5,588,000

General Features

Appliances Dryer, Range, Refrigerator, Washer
Architectural Style Other
Buildingareaunits Square Feet
Community Features Park, Near Public Transportation
Construction Materials Brick
Elementary School District Queens 25
Garage Spaces 0.00
Heating Natural Gas, Steam
High School District Queens 25
Interior Features Den/Family Room, Home Office, Living Room / Dining Room
Middle/Junior School District Queens 25
Numberofkitchens 20
Parking Features None, On Street
Property SubType Multi Family
Property Type Residential Income
PropertyCondition Very Good
Tax Annual Amount 62819.00
Total Units 20

Interior Features

Total Rooms 70

Exterior Features

Buildingsize 40x80
Lot Dimensions 50x100
Lot Features Near Public Transit
Lot Size Acres 0.1100
Lot Size Area 0.1100
Lot Size Source Other
Lot Size Square Feet 5000.00
Lot Size Units Acres
Number of Separate Electric Meters 20
Number of Separate Gas Meters 20

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 11355

Price
AVG $2.03M
$6.29M
Taxes
AVG $12,108
$62,819
Visits
AVG 29
105
Year Built
AVG 1951
1928
Walkscore
AVG 86
88
Data Provided by Walkscore ® not using MLS data
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