36-17 Greenpoint Ave - Storefront Retail/Residential FOR SALE


Long Island City, NY 11101- LIC
$1,900,000 USD
917-500-7461
36-17 Greenpoint Ave, Long Island City, NY for Sale
$1,900,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 5.59% Cap Rate

36-17 Greenpoint Ave
Long Island City, NY 11101
LIC


HIGHLIGHTS

  • All Free MArket Rent Units
  • Prime Location
  • Building in Good Condition

OVERVIEW

The subject property is a Corner, Mixed-Use, 3.200 Square Feet Building including One Storfront, Used as a Restaurant and 3 Apartments. The Apartment on the back of the First Floor, there is a Duples 2 Bedromms and 2 Bath Apartment with the Basement On The Second Floor There is a 3 Bedroom and 2 Full Bath Apartment Plus a 2 Bedrooms, One Ffull Bath Apartment . All Apartments Pay for All their Utilities, including Gas, Heat and Electric. The building is located on the corner of Greenpoint Ave and off Hunter Point Ave, Short distance to Subway #7 Train on 34 St & Queens Blvd. Close to major Hiways and Long Island Expressway. There is a huge upside potential to raise the rents for all units. Income is as follows: Restaurant has 4 more year lease $4382 First Floor, 2 Bedroom Duples $2,550 2nd Floor, 2 Bedroom Apartment $2,800 2nd Floor 3 Bedroom Apartment $2,750 Total Monthly Gross Income $12,482 Annual Gross Income $147,784 Insurance $2,500 Tax $40,000 Water $1000 Annual Net Income $106,284 Cap rate 5.59%

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$675 USD /SF

CAP RATE

5.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units Mixed-Use Building in Prime Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,888 SF

ZONING

R5

APN/PARCEL ID

00236-0001

ASK ABOUT THIS PROPERTY

Rita MahgereftehWinzone Realty Inc.More Info
917-500-7461

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Rita MahgereftehWinzone Realty Inc.More Info
917-500-7461

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.