41-32 53rd Street, Flushing, NY 11377

12 family for sale in Sunnyside-Woodside. The building is well maintained, in a desirable location. 15 minutes to Manhattan and walking distance to the LIRR. The apartments consist of 6 one bedrooms and 6 large studios. All units feature high ceilings, wood floors, custom insulated windows with abundant natural light, and updated kitchens and baths. All apartments are lead free. The building is located on a valuable multi-zoned lot and has gas heat and hot water. Zoning is R5,R5D and C1-4. It is zoned Residential or mixed Residential/ Commercial. There is additional 1381 sq feet of buildable space. This could include additional residential dwellings, a retail space or a professional space or any combination. There is a usable full unfinished basement with walk-out access with possibilities. The super provides for easy self-management. All units have high legal rents. Expenses are reasonable. Cap rate above 7%. Excellent investment.