Calling All Investors, Developers & End-Users!!! 100% Occupied Brand New 7 Unit Apartment Building In Flushing For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, Strong R6B Zoning, (1) 2 Br. Apt., (6) 1 Br. Apts., Basement Office, Security Camera System, Large Rear Yard, Separate Meters, Strategically Placed Curb Cut, All New LED Lighting, Sprinklers, 3 Phase Power, A/C, +++!!! The Building Was Built In 2022!!! The Property Is Located In The Heart Of Corona Just Off The Grand Central Parkway & I-495!!! The Property Is Situated Near Citifield, Flushing Meadows Corona Park, Queens Zoo & The Queens Museum!!! Neighbors Include Nike, The Home Depot, Target, Costco, 7-Eleven, Mobil, Gulf, T.J. Maxx, Marshalls, Raymour & Flanigan, Macy’s, New York Sports Club, Maaco Auto Body, Olive Garden, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!!
Income:
Unit 1A (2 Br.): $31,800 Ann.
Unit 2A (1 Br.): $20,700 Ann.
Unit 2B (1 Br.): $25,200 Ann.
Unit 3A (1 Br.): $20,700 Ann.
Unit 3B (1 Br.): $25,200 Ann.
Unit 4A (1 Br.): $21,312 Ann.
Unit 4B (1 Br.): $25,200 Ann.
Parking: $1,800 Ann.; M-M.
Basement Office: $8,400 Ann.; M-M.
Expenses:
Gas: $792 Ann. (Common Area Only)
Electric: $1,320 Ann. (Common Area Only)
Maintenance & Repairs: $250 Ann.
Insurance: $6,589 Ann.
Water: $3,852 Ann.
Taxes: $3,034 Ann.
Total Expenses: $15,837 Ann.
Current Gross Income: $180,312 Ann.
Net Operating Income (NOI): $164,475 Ann.