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    42-43 147th Street

    Flushing, NY 11355
    • $5,688,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 3275739
    Price Reduced
    UPDATED: 54 min ago
    $5,688,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1928
    County:

    School Ratings & Info

    Description

    20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 10 One Bedrooms 700+SF & 10 Studio 600+SF. 6 rent stabilized leases ending in Oct 2021. Other 14 leases are month by month. Current Rental income $24,925 X 12 = $299,100. Current Market Rental Income should be ($1800 X 10 + $1500 X 1) X 12 months = $396,000. Annual Net Income would be $256,903 & CAP 4.08% ! Lot size 50x100 Building 40x89 So 3,560 SF each floor, 14,240 SF Four Floors totally, plus full basement, NYC Square Footage 17,325 SF. 3 washers 2 dryers in the basement. 4 years NEW BOILER/Hot Water Tank, 4 years NEW roof. Solid Tutor Castle style "Gold Egg Hen Income Property" built in 1928, R. E. Tax $62,819. Just 1 min walk to Q12 on Sanford Av. 2 min walk to Q15(A) on 41 Av or Q65 on 45 Av. Only 0.8 miles 10 minutes walk to Flushing Main St for 7 train & LIRR. Conveniently located to So Many things whatever you need.

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    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signature Premier Properties. Data last updated: 2021-01-21T19:16:59.563.
    www.signaturepremierhomesearch.com/homes/112638856
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    42-43 147th Street Flushing, NY 11355

    • Price: $5,688,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 3275739
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1928
    Built
    County:
    Queens
    Property Description
    20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 10 One Bedrooms 700+SF & 10 Studio 600+SF. 6 rent stabilized leases ending in Oct 2021. Other 14 leases are month by month. Current Rental income $24,925 X 12 = $299,100. Current Market Rental Income should be ($1800 X 10 + $1500 X 1) X 12 months = $396,000. Annual Net Income would be $256,903 & CAP 4.08% ! Lot size 50x100 Building 40x89 So 3,560 SF each floor, 14,240 SF Four Floors totally, plus full basement, NYC Square Footage 17,325 SF. 3 washers 2 dryers in the basement. 4 years NEW BOILER/Hot Water Tank, 4 years NEW roof. Solid Tutor Castle style "Gold Egg Hen Income Property" built in 1928, R. E. Tax $62,819. Just 1 min walk to Q12 on Sanford Av. 2 min walk to Q15(A) on 41 Av or Q65 on 45 Av. Only 0.8 miles 10 minutes walk to Flushing Main St for 7 train & LIRR. Conveniently located to So Many things whatever you need.
    Exterior Features

    Building Size 40X89 Lot Size Dimensions 50X100

    Interior Features

    Ceiling Height -

    Property Features

    Business Type Free Standing Building Net Operating Income 256903.00 Operating Expense 139097.00 Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 5378 Zoning Description R3x

    Listing courtesy of Champion Wu of Keller Williams Rlty Landmark.
    © 2021 OneKey MLS. All rights reserved.


    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signature Premier Properties. Data last updated: 2021-01-21T19:16:59.563.
     
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