UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 980052
Rental Info No
Year Built 1931
Annual Tax Amount $18,854
Lot Size 2,321 Sqft
Acres 0.0533
Property Sub-Type Mixed Use
Source onekey2
Property Description
Income:
Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.; 5 Year Option.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/26. Been Here 5 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $20,100 Ann.; Lease Exp.: 6/30/26.
Apt. 4 (1 Br.): $19,800 Ann.; M-M.
Tax Rebate (Paid By The Store): $5,000 Ann.
Water Rebate (Paid By The Store): $6,000 Ann.
Pro Forma Gross Income: $160,700 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,706.32 Ann.
Total Expenses: $26,965.32 Ann.
Net Operating Income (NOI): $133,734.68 Ann. (Pro Forma 9.22 Cap!!!)
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.