2,718 Sqft Lot
2,718 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 916861
Rental Info No
Year Built 1924
Annual Tax Amount $20,661
Lot Size 2,718 Sqft
Acres 0.0624
Property Sub-Type Multi Family
Source onekey2
Property Description
All apartments are 3 bedrooms/1 bathroom, box layout, fully occupied, and all tenants have leases. An apartment will not be vacant at closing, the buyer should be looking to buy purley as an investment property.
All tenants pay on time and there is no arrears. The building has 5 rent stabilized apartments, 1 rent controlled apartment, a 2 car parking lot, and the building has been realisticlay priced accordingly.
The total current income is $10,330.83, and the 2026 Proforma Rent Roll after all apartments are increased by the approved 4.5% and parking rent is $12,400.
The yearly expenses including common area electric, water, heat, insurance, property tax, and repairs are approximately $50,000 a year, including a $5,550 SCRIE Credit. With net income of almost 100K a year, the asking price of $1,400,000 = a cap rate of 7%!
Location
State NY
County Queens
Rooms
Basement Full, Partially Finished, Storage Space
Interior
Heating Natural Gas, Radiant
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Parking Lot
Fence Brick, Chain Link
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Trash Collection Public
Total Parking Spaces 2
Building
Lot Description Corner Lot, Level, Near Public Transit
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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70 E Sunrise Hwy Ste, Valley Stream, New York, 11581, USA