6 Family LIC Built 2006 With Eight Year Tax Abatement -SOLD

Astoria, Queens County, New York City, New York, 11102, USA
$2,700,0008 Years Tax Abatement

Details

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    8
    Bedrooms
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    7
    Bathrooms
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    Property Size
    6 Family
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    Land Size
    2000 Sq Ft
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    None
    Garage
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    Year Built
    2006

Investment Highlights

This four-story, beautifully maintained building is located in LIC. All units on a year-to-year lease. Building has 421a tax abatement expires in 5 years which is expires in 2022. Tenants pay for their own heat & hot water. Lot Dimensions 25 x 94. Building size 25 x 57. Eight Blocks to N Train, One block to Broadway. Built in 2006. Seven years left in tax abatement. Storage rooms in the Basement.
Buyer can assume the existing mortgage at 3.44% rate. (4 years left on 5 year-fix)

Gross Income: $141,000
Expenses $10,077

 

Contact

Evi Kokalari-Angelakis
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