For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYL3528425
Sold Date 04/17/24
Style Other
Bedrooms 12
Full Baths 6
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $15,509
Lot Dimensions 40x100
Property Description
Attention Investors! Introducing a splendid, fully detached oversized 5-family brick house in the Ozone Park neighborhood. The entire building has been luxuriously renovated from top to bottom, including water pipes, gas pipes, electrical wiring, doors, windows, roof, and exterior walls. This property has living area 5,304 SQFT on lot 4000 SQFT. Building size: 26' x 68' on a lot measuring 40' x 100'. Annual property taxes are $15,509. Both the first and second floors feature front and rear units, each offering generous 2-bedroom layouts with 1 bathroom, kitchen and a living room, and the ceiling over 9 feet height. The full-finished basement is a standout feature; it's a legal single unit with 4 bedrooms, 2 full bathrooms, and an impressive ceiling height of 8 feet. Each kitchen is equipped with granite countertops and brand-name stainless steels appliances. ALL UNITS ARE FREE MARKET RENT, WITH NO RENT CONTROLS AND RENT STABILIZED. The annual market rent for the entire building is approximately $192,000 with annual expenses totaling $25,109. The annual net income is $166,891 resulting in a 8% cap rate. The property features five separate two-in-one water heaters and boilers, 5 gas meters, and 6 electric meters. Public transportation options include the Q11, Q41, Q52-SBS, Q53-SBS, and the A train on Rockaway Blvd. This property offers convenience and flexibility for all residents. Whether you're an investor or looking for a multi-family home, this impressive brick house presents a wealth of opportunities.
Location
State NY
County Queens
Rooms
Basement See Remarks, Finished
Interior
Heating Hot Water, Natural Gas
Cooling Wall Unit(s)
Fireplace No
Appliance Microwave, Refrigerator, Gas Water Heater
Exterior
Parking Features None
Private Pool No
Building
Sewer Other
Structure Type Brick
New Construction No
Schools
Elementary Schools Ps 108 Capt Vincent G Fowler
Middle Schools Ms 137 America'S School-Heroes
High Schools John Adams High School
School District Queens 27
Others
Senior Community No
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with E Realty International Corp