150 Burns St. Commercial Assests Multi-Family FOR SALE


Forest Hills, NY
$1,250,000 USD
973-477-0273
, Forest Hills, NY for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/13
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150 Burns St. Commercial Assests
Forest Hills, NY


HIGHLIGHTS

  • All four units conveyed together by the Estate.
  • Strong Mix: Rent-controlled + free-market units providing both stability and upside.
  • Vacant Unit Included: Immediate opportunity to renovate, reposition, and capture market rent.
  • Forest Hills Gardens-exclusive, private, landmarked community known for long-term tenant retention.
  • LIRR at Station Square; E/F subway minutes away.
  • Elevator building with original architectural details and well-maintained common areas.

OVERVIEW

PORTFOLIO COLLECTION - FOUR APARTMENTS INCLUDED (#6E, #5F, #5H, #3A) NO BOARD APPROVAL! *PLEASE NOTE THIS IS A COOPERATIVE, THE SHARES ARE LISTED AS THE COMBINED AMOUNT **ONLY BEING SOLD AS A BUNDLE PACKAGE 1) Unit 6E - Free Market/ Unoccupied 1 Bedroom, 1 Bathroom Shares: 265 Maintenance: $1493.04 Rent: Market rent potential approx. $2,400 2) Unit 5F - Free Market (Occupied) 1 Bedroom, 1 Bathrooms Maintenance: $1,352.18 Storage Room: $100 Rent: $1,950 Assessment: $413 Bundle Internet/Cable: $65 Shares: 240 Notes: Free Market; consistent rent roll. Includes private storage. 3) Unit 5H - Rent Controlled (Occupied) 3 Bedroom, 2 Bathrooms Maintenance: $2,357.50 Storage Room: $50 Rent: $2591.69 Assessment: $791.59 Bundle Internet/Cable: $65 Shares: 460 Status: Rent Controlled; tenant pays via check. Long-term upside. Includes private storage. 4) Unit 3A - Rent Controlled (Occupied) 2 Bedrooms, 2 Bathrooms Maintenance: $2,2197.30 Rent: $686.18 Assessment: $671.13 Bundle Internet/Cable: $65 Shares: 390 Notes: Stabilized rent; long-term upside upon vacancy. Includes private storage. KEY INVESTMENT HIGHLIGHTS *All four units conveyed together by the Estate. *Strong Mix: Rent-controlled + free-market units providing both stability and upside. *Vacant Unit Included: Immediate opportunity to renovate, reposition, and capture market rent. *Prime Location: Forest Hills Gardens-exclusive, private, landmarked community known for long-term tenant retention. *Co-op with Storage Rooms: Each unit includes additional storage space. *Excellent Transportation: LIRR at Station Square; E/F subway minutes away. *Pre-War Charm: Elevator building with original architectural details and well-maintained common areas.

ASK ABOUT THIS PROPERTY

Jessica Waxman-CloonanCorcoran GroupMore Info
973-477-0273

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Jessica Waxman-CloonanCorcoran GroupMore Info
973-477-0273

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