Listing Courtesy of Douglas Elliman Real Estate
$4,200,000
Est. payment /mo
28 Beds
22 Baths
Active
10436-10438 38TH Avenue Queens, NY 11368
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Jackson Heights
MLS Listing ID RLS20014681
Bedrooms 28
Full Baths 22
HOA Y/N No
Annual Tax Amount $14,856
Property Sub-Type Single Family Residence
Property Description
Prime Elmhurst Investment Opportunity - 7.5 Cap Rate! -NOI 316,113 -Built in 2009: -Not just 1 but 2 well-maintained 4-story, 8-unit and 7 unit multifamily buildings -15 total apartments, 6 one beds / 5 two beds / 4 three beds - 54 total rooms / 28 total bedrooms - 7.5 cap rate in the heart of Corona, Queens -benefits from 421a tax abatements / RET 1,237 month -Spanning a total of 5,430 SF, sits on a 27 ft. x125 ft. and 20 ft. x 125ft. lots respectively Fully occupied, the property features separately metered electric and gas.Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and a prime location make this an exceptional turn-key investment opportunity. Do not miss out on this rare find- contact us today!
Location
State NY
County Queens
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Other
Fireplace No
Laundry In Unit
Exterior
Exterior Feature PrivateOutdoorSpaceOver60Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 1
New Construction No
Others
Ownership None
Monthly Total Fees $1, 238
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Coastal Property Advisors