EXCLUSIVE! - 2 Adjacent 3 Story Walk-up Apartment Buildings consisting of 30 RS units and Parking Garages - 100% Occupied
| Price: | Usage: | Neighborhood: |
|---|---|---|
| $4,150,000 | Investment Sales | Queens |
Tungsten Property
Property Description
Please contact Brian Natanov - 917.697.0722 or brian@tungstenproperties.com for more information and full setup document.
This offering is for 2 contingous, 3-story walkup apartment buildings located on Hillside Ave in Queens Village.
The gross Sq Ft of the building is just over 21,500. The building is 100% occupied. 30 Apartments and 8 Indoor Garage Spots. Building is in great condition. New gas boiler installed about 2 years ago, new roof and many units newly renovated. Close to major highways, public transportation, shopping districts etc... The building is very well maintained. No backrent owed by any tenants.
Building width: 180 ft
Building depth: 50 ft
Building dimension: 180 ft x 50 ft
Stories: 3
Year built: 1949
Gross SF: 21,550
Corner lot: Block front, corner on 2 ends.
Land area in SF: 22,000 (1/2 an Acre!)
Lot dimensions: 220 ft x 100 ft
Building zoning: R2
INCOME:
30 APT(S) $ 405,821
8 GARAGES $ 9,600
Gross Income $415,421
ESTIMATED EXPENSES:
TAXES (08/09) $ 59,586
WATER & SEWER $ 11,000
INSURANCE $ 19,212
FUEL $ 46,000
UTILITIES $ 3,850
REPAIRS & MAINT $ 10,000
Total Expenses $149,648
NET OPERATING INCOME: $265,773
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