Presenting a fantastic investment opportunity in the heart of East Elmhurst, Queens: a well-maintained 7-family building subject to rent stabilization for sale. This property features stable, paying tenants, offering consistent rental income and making it a smart choice for long-term investment. Located in a rapidly growing area, the building is just minutes away from LaGuardia Airport and a short commute to Manhattan, making it highly desirable for renters. With a solid structure and excellent rental history, this property presents a unique chance to own a piece of one of Queens’ most vibrant and accessible neighborhoods. Don't miss out on this prime investment!
*Possible opportunity to add revenue with advertisement signage on frontage facing Astoria Blvd
INCOME
LL RS $779.84
1F RS $1206.27
1R RS $1250.73
2F RS $1818.02
2R RS $1311.96
3F RS $1079.88
3R RS $1143.00
Total monthly income: $8,589.70
Total annual income: $103,076.40
EXPENSES
Real estate taxes: $19,667
Insurance: $4,967
Water & sewer: $7,294
Janitorial & maintenance: $2,400
Utilities: $6,496
Misc repairs: $1,460
Total monthly expenses: $3,524
Total annual expenses: $42,284
TOTAL MONTHLY NET OPERATING INCOME: $60,792
TOTAL ANNUAL NET OPERATING INCOME: $60,792
ANNUAL CAP RATE 6.0%
In contract
Price cut: $26K (6/4)
$999,000
25-38 95th St, East Elmhurst, NY 11369
12beds
4,080sqft
Multi Family
Built in 1926
-- sqft lot
$-- Zestimate®
$245/sqft
$-- HOA
What's special
- 145 days
- on Zillow |
- 896 |
- 59 |
- Loading