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SOLD: 6 Unit Multifamily

SOLD: 6 Unit Multifamily

SOLD: 6 Unit Multifamily
Price
1050000
Address
42 04 78 street queens
Country
US
Location
Elmhurst, Queens
Status
Sold
Property Type
Multi-Family
Building Size
3054 SF
Lot Size
1883 SF
Zoning
R6B. C1-3
Block
1523
Lot
9
Property Tax Amount
$28,267
Annual Income
$84,744
Total Expenses
$42,767
NOI
$44,977
Stories
3
Residential Units
6
The subject property is a three story  multi-family building on the corner of Woodside Avenue and 78th Street in Elmhurst, Queens.  The building is 3,050 square feet and consists of six rent stabilized apartments. There are a total of (3) studio apartments, (2) two bedroom apartments, and (1) one bedroom apartment. This property is in the heart of Elmhurst across the street from NYC Health Hospital and walking distance to the main retail corridor of Roosevelt Avenue and Broadway Street. The intersection of Roosevelt and Broadway grants easy access to the 7, E, F, M, and R train lines, the Long Island Rail Road, and many shops and restaurants. This property presents a unique investment opportunity to obtain a multifamily building in a high demanding rental neighborhood.