190 Rockaway Avenue
Multifamily | 6.40% CAP | 8 Units
Marketing description
A 28' wide 8-unit four story apartment building. There are two apartments per floor, rail road style. The apartments each have two bedrooms, a living/ dining area a full kitchen and full bathroom. All the units are rent stabilized. They are individually metered for gas and electric. All the meters are in the basement which has 7' ceilings. The building has a gas boiler, water heater.
The property is a prime investment opportunity because it has stable cash flow. Value can be added by up-dating the common areas and stairs.
The property is also a great user opportunity, a user can take an apartment on the first floor and duplex it with the basement. The upper floor units can be rented for income.
The property is located one a nice residential block with mostly small apartment building and mixed-use buildings. The C train is on Rockaway Ave & Fulton Street, which gives easy access to the city.
Investment highlights
- Prime investment opportunity with stable cash flow
- Value can be added by up-dating the common areas and stairs
- Great user opportunity - user can take an apartment on the first floor and duplex it with the basement
- Upper floor units can be rented for income
- Located on a nice residential block with mostly small apartment building and mixed-use buildings
- C train access on Rockaway Ave & Fulton Street gives easy access to the city
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