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

    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%
    145 days
    on Zillow
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