A well-maintained six-family brick apartment building located in the heart of Sunnyside, Queens. The property consists of six spacious two-bedroom, one-bathroom apartments, each approximately 900 square feet. Unlike many neighborhood buildings, all units feature highly desirable box-style layouts rather than railroad configurations. Every bedroom comfortably accommodates a king-size bed, while the generously sized 16' x 16' living rooms provide excellent livability for tenants. The building offers a strong and stable rent roll with a current gross annual income of approximately $172,965. There are four free-market apartments and two rent-stabilized units. Notably, all four free-market apartments are currently rented below market, presenting investors with significant long-term upside potential through future rent growth. Additional features include: • Six large 2-bedroom / 1-bath apartments • Attractive brick construction • Shared roof deck with skyline views • Private backyard for the first-floor unit • Gas heat • AC sleeves installed throughout (no window units required) • Live-in superintendent • DHCR registrations current and in good standing • No known arrears or housing court cases • Well-maintained ownership since 2007 Located on a quiet tree-lined block in Sunnyside, the property benefits from convenient access to transportation, shopping, restaurants, and neighborhood amenities. Residents enjoy close proximity to the 46th Street-Bliss Street subway station, providing quick access to Midtown Manhattan. This is an excellent opportunity for both investors seeking long-term appreciation and end-users looking to acquire a well-positioned multifamily asset in one of Queens' most desirable rental markets. Financial Highlights Asking Price: $1,800,000 Current Gross Annual Income: Approximately $172,965 Expenses: $59,142 6.32 CAP with great upside. NOI: $113,822.76 Current Unit Mix: 4 Free Market Apartments 2 Rent Stabilized Apartments Operating statements and rent roll available upon request. VALUE-ADD OPPORTUNITY The Property consists of six oversized 2-bedroom apartments, including four free-market units and two rent-stabilized units. The four free-market apartments are currently rented below market and present a significant opportunity for future ownership to increase income through unit modernization and repositioning. Assuming market rents of approximately $55/SF, the free-market units could potentially achieve rents of approximately $4,125 per month. The two rent-stabilized apartments provide stable long-term occupancy and predictable annual rent growth. Current Gross Income : $172,965 Annually Illustrative Upside Scenario Unit Type Units Annual Income Free Market Units @ $4,125/month 4 $198,000 Rent Stabilized Units (3% Increase Assumed) 2 $27,856 Projected Gross Income : $225,856 Income Growth Potential Current Gross Income: $172,965 Projected Gross Income: $225,856 Potential Annual Increase: $52,891 This analysis is presented solely to illustrate potential future rental upside. Prospective purchasers should conduct their own independent analysis regarding market rents, operating expenses, and investment returns.