A Rent Stabilize Building With Condo Book For Sale
The subject property is located on the prime site of Northern Blvd in East Elmhurst Queens. A rent Stabilized building with 28 units of residential on 21,016 sqft. 3 commercial spaces with 11,662 sqft. 14 parking spaces. A 25-year 421-tax abatement. The condo book declared. Laundry room in the basement.yearly gross income at $1.25M
Financials (USD)
Net Operating Income (Annual) $1,072,500
Asking Price $16,000,000
Cap Rate Available On Request
Additional Details
Street Address Northern Boulevard
Suite/Unit Number 31
Building Area 41221.00 Square Feet
Building Class Class B Building
Year Built/Renovated 2015
Percent Occupied 99%
Zoning R6A/C2-4
Deal Terms
Broker Co-Op? Available On Request
Seller Financing Available? Available On Request
Seller Willing To Lease? Available On Request
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