Amazing investment opportunity with 4 units of rental income with a net operating income of $112,950 ($136,692 in rental income & $23,742 in expenses). One of the greatest features of this building is 3 separate heating systems, 3 gas meters, and 3 electric meters so owner has zero utility expenses! The first floor of this 4,800 square foot building is a large well kept doctors office with a waiting room, a receptionist room, 5 possible exam rooms, and a half bathroom. Also on the first floor is a medical laboratory with its own separate entrance, a waiting room, an exam room, and a half bath. On the 2nd floor are two, 2 bedroom apartments both in mint condition. There is parking for at least 6 cars in the front while there is also two private driveways on each side of the building. There is also a large well kept backyard.
Sold for $750,000 on 04/26/24
$750,000
1124 Foam Pl, Far Rockaway, NY 11691
4beds
4,800sqft
MultiFamily
Built in 2008
-- sqft lot
$1,229,400 Zestimate®
$156/sqft
$4,212 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Interior area
- Total interior livable area: 4,800 sqft
Property
Lot
- Size: 5,650 sqft
Details
- Parcel number: 155450010
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 2008
Community & neighborhood
Location
- Region: Far Rockaway
Other
Other facts
- A C \ Allow
- Accessibility \ HANDI ACSS \ Y
- BSMT \ None
- CARPET \ Allow
- CLASS \ Ren
- COUNTY \ Queens
- Cable TV Ready
- ELEC \ Inc
- FENCE \ Y
- GARB REMOV \ Inc
- GAS \ Inc
- HANDI ACSS \ Y
- Heating and Cooling \ A C \ Allow
- KIT \ None
- LEASE \ Y
- Location \ COUNTY \ Queens
- MLS Listing ID: 2919638
- MLS Name: MLSLI ZDD (MLSLI ZDD)
- Other Exterior Features \ FENCE \ Y
- Other \ CLASS \ Ren
- Other \ LEASE \ Y
- Other \ PVT ENT \ Y
- Other \ SEASONAL OR YEAR ROUND RENTAL \ Year Round
- Other \ STE \ NY
- Other \ ZN \ 13
- PVT ENT \ Y
- SEASONAL OR YEAR ROUND RENTAL \ Year Round
- STE \ NY
- STYLE \ Mixed Use
- School District: Community District 14
- Type and Style \ STYLE \ Mixed Use
- Utilities \ ELEC \ Inc
- Utilities \ GARB REMOV \ Inc
- Utilities \ GAS \ Inc
- WATER \ Inc
- Water \ WATER \ Inc
- ZN \ 13