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32215744
32215745

38-11 111th Street, New York, NY 11368

City Advance Realty Inc
Listed by City Advance Realty Inc
$2,550,000
37 days on market
Updated 36 days ago

38-11 111th Street

Details
APN 01783-0007
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
NOI $139,660
Year Built 2004
Acreage 3688.000
Zoning R5
Parking Spaces spaces

Multifamily | 6 Units

Marketing description

Well-maintained 6-family residential building located in Corona, approximately one block from the 7 Train. The property offers approximately 5,515 ft of building area situated on a 3,688 sq ft lot, with building dimensions of approximately 20.50x68.38. Features include a fully finished basement, front and rear balconies, backyard, and three parking spaces. The building is equipped with 6 gas meters and 7 electric meters. The property is currently fully occupied with a residential rent roll of approximately $13,370 per month. In addition, the property currently generates additional income from basement and ancillary space. Annual property taxes are currently approximately $1,380, with a tax abatement in place (buyer to verify remaining term). Conveniently located near transportation, shopping, and neighborhood amenities. All information deemed reliable but not guaranteed. Buyers should independently verify all information.
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Listing Contacts

City Advance Realty Inc
Listed by City Advance Realty Inc

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$139,660.00
$11,638.33/mo

Valuation Metrics

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DSCR
5.48%
Cap Rate
5.48%
ROI

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*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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