**Well, well, well....lookie here...we have a MASSIVE 5 FAMILY WITH A HEALTHY RENT ROLL!** MANHATTAN SKYLINE VIEWS FROM THE ROOF!* In a 'Renters Haven' off the corner of Metropolitan Avenue, we have a Once In A Long Time Opportunity for Easy Investment Income IN A 76 FOOT LONG BUILDING WITH 25 FEET OF WIDTH! THE NEEDLE IN A MASPETH HAYSTACK! This is a 5 FAMILY BUILDING...NOT Rent Controlled/NOT Rent Stabilized. FREE MARKET, WITH STOREFRONT/ ALL RENTS ARE MARKET RATE! About 1,900 SQFT per floor (Building Size is 25X76). 76 FEET LONG - Location, Location, Location... less than 1 Mile walking from M/L Subway, Multiple Buses, and Anything a Renter Desires. - Surrounded by eateries and night time entertainment! -$18,450 Monthly Rent Roll! Built in 1915, 54-43 Metropolitan Avenue is a MASSIVE 18 Bedroom/ 7 Bathroom Mixed Use MultiFamily Located in the Heart of Maspeth...Only a skip away from Bushwick/Ridgewood/Middle Village. This 5 Family Home is R6B Zoning (FAR: 2), which allows the potential for 1 more floor for EVEN MORE Rental Revenue. Ridgewood is a Desirable place to call home for many of your potential renters because of the convenience to the City, the Parks, and the Shops and Eateries that run along almost all of its busy streets as well as the wave of an art scene that has been moving in. In a neighborhood where everyone walks or rides a bike, Maspeth is a Renters Top Pick...did I mention that there is a 1 Car Garage for that Buyer who wants to call one of these apartments Home!!! Building Layout: First Floor: (1) 3/FLEX 4 BEDROOM BOXED unit with Lots of Natural Sunlight & (1) Storefront Floor Two: (1) 3-Bedroom / (1) FLEX 4 BED* BOXED Units with Eat-in Kitchens Floor Three: (1) 3-Bedroom / (1) FLEX 4 BED*BOXED Units with Eat-in Kitchens ROOF IS A WALK OUT AND IS IN EXCELLENT CONDITION! 1 CAR GARAGE! Other Fantastic Details that make this your next purchase : Lot: 25 × 100 Building: 25 × 76 Building Class: 5-6 Families **FREE MARKET** NOT RENT CONTROLLED/ NOT RENT STABILIZED LOCATED IN A RENTERS HAVEN Tall Ceilings Taxes: $16,366.16 Total Annual Rental Income: $220,000 COMES WITH ONE CAR GARAGE! GREAT FOR AN END USER AS WELL AS INVESTOR.
Off market
$1,696,000
54-43 Metropolitan Ave #5FAM, Maspeth, NY 11378
18beds
5,700sqft
MultiFamily
Built in 1915
-- sqft lot
$1,696,000 Zestimate®
$298/sqft
$4,296 Estimated rent