• $5,688,000List Price
  • 0.11Acreage
  • 5,000Square Feet

42-43 147th StreetFlushing, NY 11355Price: $5,688,000

  • Price: $5,688,000
  • 310 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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20 Unit Brick Building features 10 (1 Bdrm Apts), and 10 (Studios) w/Tenants in Place. 10 One Bedrooms 700+SF & 10 Studio 600+SF. 6 rent stabilized leases ending in Oct 2021. Other 14 leases are month by month. Current Rental income $24,925 X 12 = $299,100. Current Market Rental Income should be ($1800 X 10 + $1500 X 1) X 12 months = $396,000. Annual Net Income would be $256,903 & CAP 4.08% ! Lot size 50x100 Building 40x89 So 3,560 SF each floor, 14,240 SF Four Floors totally, plus full basement, NYC Square Footage 17,325 SF. 3 washers 2 dryers in the basement. 4 years NEW BOILER/Hot Water Tank, 4 years NEW roof. Solid Tutor Castle style "Gold Egg Hen Income Property" built in 1928, R. E. Tax $62,819. Just 1 min walk to Q12 on Sanford Av. 2 min walk to Q15(A) on 41 Av or Q65 on 45 Av. Only 0.8 miles 10 minutes walk to Flushing Main St for 7 train & LIRR. Conveniently located to So Many things whatever you need.

Property Details of 42-43 147th Street

Property Details

Map Location

Listed by Champion Wu and Deirdre A Folan of Keller Williams Rlty Landmark

Based on information submitted to ONEKEY  as of October 21, 2021 .  All data is obtained from various sources and has not been, and will not be, verified by broker or ONEKEY.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
 

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