76-18 Grand Central Pky - Apartments FOR SALE


Forest Hills, NY 11375
$1,690,000 USD
718-762-2288
76-18 Grand Central Pky, Forest Hills, NY for Sale
$1,690,000 USD
Apartments - FOR SALE
1/30
null | 6.22% Cap Rate

76-18 Grand Central Pky
Forest Hills, NY 11375


HIGHLIGHTS

  • - " FREE MARKET RENT " Building with Lot Size 30X100 and Zone R6 !
  • - All tenants are responsible for their own utilities & heat except water.
  • - Very Easy to rent and now are all occupied !
  • - Convenient Located In The Heart of Forest Hills.- 2 Blocks To Subway & buses. 10 minute to LIRR train.
  • - Minutes to Manhattan, JFK Airport, LaGuardia Airport, Flushing Meadow Park & Shea Stadium
  • - EZ access to major highways 495 & Grand Central Pkwy. - Must See!

OVERVIEW

8-Unit Investment Building in Forest Hills Free-market rent opportunity in the heart of Forest Hills. Built in 1989, this well-located property features: - 7 one-bedroom units - 1 studio apartment - Annual rental income: $176,520 - Some units with generously sized balconies - Two-car parking spaces - Building size: approximately 30' × 45' - Tenants pay all utilities except water Conveniently located just two blocks from subway and bus transportation, near shopping, dining, schools, and other amenities. Only minutes from Manhattan. Must see!

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

8

PRICE/UNIT

$211,250

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1989

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R6

APN/PARCEL ID

02267-0129

ASK ABOUT THIS PROPERTY

Alice WongBlock & Lot Services IncMore Info
718-762-2288

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Alice WongBlock & Lot Services IncMore Info
718-762-2288

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