42-43 147th Street

Flushing, NY 11355

For Sale $5,688,000

Listed 278 days ago for
  • Commercial Sale, Mixed Use
  • Built: 1928
  • Lot Size: 0.11 Acres
  • Heating: Natural Gas, Baseboard
20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 10 One Bedrooms 700+SF & 10 Studio 600+SF. 6 rent stabilized leases ending in Oct 2021. Other 14 leases are month by month. Current Rental income $24,925 X 12 = $299,100. Current Market Rental Income should be ($1800 X 10 + $1500 X 1) X 12 months = $396,000. Annual Net Income would be $256,903 & CAP 4.08% ! Lot size 50x100 Building 40x89 So 3,560 SF each floor, 14,240 SF Four Floors totally, plus full basement, NYC Square Footage 17,325 SF. 3 washers 2 dryers in the basement. 4 years NEW BOILER/Hot Water Tank, 4 years NEW roof. Solid Tutor Castle style "Gold Egg Hen Income Property" built in 1928, R. E. Tax $62,819. Just 1 min walk to Q12 on Sanford Av. 2 min walk to Q15(A) on 41 Av or Q65 on 45 Av. Only 0.8 miles 10 minutes walk to Flushing Main St for 7 train & LIRR. Conveniently located to So Many things whatever you need.
MLSID
3275739

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Data was last updated 2021-08-23 08:53:10