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    95-18 42 Ave

    Elmhurst, NY 11373
    • $1,449,999
    • STATUS: Active
    • ON SITE: 188 days
    • MLS #: 3235362
    UPDATED: 15 min ago
    $1,449,999
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Current owner filed for a tax grievance with the city. A yearly tax of $35k is way too high for a 5 family building. A hearing is scheduled for Oct 14th, 2020. Seller is expecting a tax reduction of $10k to $12k based on current rentals. Cap rate of 4.49% will increase to 5.13% with a tax grievance of $10k yearly.

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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: 2021-01-27T07:16:27.07.
    www.signaturepremierhomesearch.com/homes/108113507
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    95-18 42 Ave Elmhurst, NY 11373

    • Price: $1,449,999
    • Status: Active
    • Updated: 15 min ago
    • MLS #: 3235362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    Neighborhood:
    Queens
    County:
    Queens
    Area:
    Queens
    Property Description
    Current owner filed for a tax grievance with the city. A yearly tax of $35k is way too high for a 5 family building. A hearing is scheduled for Oct 14th, 2020. Seller is expecting a tax reduction of $10k to $12k based on current rentals. Cap rate of 4.49% will increase to 5.13% with a tax grievance of $10k yearly.
    Exterior Features

    Building Size 18X46 Business Parking Spaces 2 Loading Dock YN No

    Interior Features

    Ceiling Height Y Cooling YN No

    Property Features

    Business Type Apt House Gross Income 121920.00 Net Operating Income 69520.00 Property Sub Type Apartment Property Type Commercial Sale Tax Annual Amount 0.00 Zoning Description R5

    Listing courtesy of Badrul Chowdhury of Charles Rutenberg Realty Inc.
    © 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: 2021-01-27T07:16:27.07.
     
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    190 Laurel Rd
    East Northport NY, 11731