11914 Hillside Ave - Apartments FOR SALE


Kew Gardens, NY 11418
$1,426,000 USD
917-500-7461
11914 Hillside Ave, Kew Gardens, NY for Sale
$1,426,000 USD
Apartments - FOR SALE
1/23
null | 6.07% Cap Rate

11914 Hillside Ave
Kew Gardens, NY 11418


HIGHLIGHTS

  • Great location on busy corner

OVERVIEW

The subject property is a 3 Stories, 3,300 Sq.Ft. 6 Family, brick building located in prime location on Hillside Ave, Off Lefferts Blvd. The building includes (6) One Bedroom Apartments. All aprtments are rented, they have high ceilings, and are in good condition. The boiler is 4 years old and the water heater is 2 years old. All apartments pay for their own electric and cooking gas. The roof is in good condition. The building is located off Lefferts Blvd and is close distance to Subway J & Z Subway Train on the corner of 123 St and Jamaica Ave. There is the Leffers Shopping Center on the corner and it is close to many stores and restaurants and banks. 30 minutes to JFK. The income is as follows: Apt 1A $1,442 Apt 1B $2,000 Apt 2A $1,400 Apt 2B $1,300 Apt 3A $1,545 Apt 3B $1,297 Monthly Gross Income $9,051 Heat $3,000 Insurance $3,000 , Tax $16,000 Total Net income $86,612 Cap Rate 6% Excellent investment asset in prime location. Block & lot 09273-0054 Lot sqft 2,000 Lot dimensions 20 ft x 100 ft Ground elevation 62 ft Zoning districts R4-1 Building class Five to Six Families (C2) i Square feet 3,300 Building dimensions 20 ft x 55 ft Buildings on lot 1 Stories 3 Roof height 36 ft Year built 1931 Residential sqft 3,300 Average residential unit size 660

FOR SALE DETAILS

PRICE

$1,426,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

12

PRICE/UNIT

$118,833

CAP RATE

6.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Family Building in Prime Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R4-1

APN/PARCEL ID

09273-0054

ASK ABOUT THIS PROPERTY

Rita MahgereftehWinzone Realty Inc.More Info
917-500-7461

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Rita MahgereftehWinzone Realty Inc.More Info
917-500-7461

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.