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Status: Active

10436-10438 38TH Avenue, #

park-cemetery-etc-Queens

$4,300,000
 |  28 Beds  |  22 Baths  |  0SF

Description

Prime Elmhurst Investment Opportunity - 7.5 Cap Rate!

-NOI 316,113

-Built in 2009:

-Not just 1 but 2 well-maintained 4-story, 8-unit and 7 unit multifamily buildings

-15 total apartments, 6 one beds / 5 two beds / 4 three beds

- 54 total rooms / 28 total bedrooms

- 7.5 cap rate in the heart of Corona, Queens

-benefits from 421a tax abatements / RET 1,237 month

-Spanning a total of 5,430 SF, sits on a 27 ft. x125 ft. and 20 ft. x 125ft. lots respectively

Fully occupied, the property features separately metered electric and gas.Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and a prime location make this an exceptional turn-key investment opportunity.

Do not miss out on this rare find- contact us today!

Listing courtesy of Douglas Elliman Real Estate

Property Details

  • House

Amenities

  • Building: Green Building
  • Interior: Smoke Free
  • Cooling: Other
  • Patio: None
  • Attendance: None
  • View: Other
  • Laundry: In Unit
  • Pets: Building Yes, No
  • Basement: Other

For information on 10436-10438 38TH Avenue, # contact:

realtor top real estate agent

Jacob Goldman

Founder, Principal Broker

212-388-1115

Founder, Principal Broker
listings@lohorealty.com
212-388-1115

Listing courtesy of Douglas Elliman Real Estate
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