6 Unit Multifamily

42 04 78 street queens
$1,050,000

Description

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.

Property Documents

Detail

  • Price: $1,050,000
  • Building Size: 3054 SF
  • Lot Size: 1883 SF
  • Property Type: Multi-Family
  • Property Tax Amount: $28,267
  • Block: 1523
  • Lot: 9
  • Zoning: R6B. C1-3
  • Property Stories: 3
  • Residential Units: 6
  • Annual Income: $84,744
  • Total Expenses: $42,767
  • NOI: $44,977
  • City: Queens
  • Neighborhood: Elmhurst
  • Country: United States

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