8 Bed 3 Bath Multi-family For Sale $1,395,000 3,000 sqft ($465 per sqft)
Broker: Roger Mashihi Metro Garden Realty NYC
KEW GARDENS DEVELOPMENT SITE PREGNANT WITH $500K PROFIT! RARE OPPORTUNITY FOR 22x100 R7 4-LEVEL FULLY RENTED 3 FAMILY SEMI-DETACHED TOWNHOUSE
...read moreKEW GARDENS DEVELOPMENT SITE PREGNANT WITH $500K PROFIT! RARE OPPORTUNITY FOR 22x100 R7 4-LEVEL FULLY RENTED 3 FAMILY SEMI-DETACHED TOWNHOUSE
FULLY RENOVATED 3-FAMILY with TREMENDOUS UPSIDE POTENTIAL IN R7 ZONING, 6000 ADDITIONAL BUILDABLE SQFT
4 LEVELS * 8 BEDROOMS, 3 BATHS, 2 PARKING, BACKYARD * GREAT INCOME PRODUCING PROPERTY.
PROPERTY CURRENTLY RENTED AT $6,850/MONTH AT 4.37% CAP RATE, with REALISTIC PROJECTION OF $9,100.00 MONTHLY INCOME & 6.1% CAP RATE AFTER UPGRADES (WITHOUT DEVELOPMENT)
DEVELOPMENT SITE: ADDITIONAL 6000SQFT BUILDABLE, WORTH MILLION$ MORE!
ACTUAL and PRO-FORMA INCOME/EXPENSE SPREADSHEET AVAILABLE UPON REQUEST
EXCELLENT OPPORTUNITY FOR INVESTMENT OR AS AN OWNER-OCCUPIER
SAFE CONVENIENT and AFFLUENT LOCATION with HIGH RENTS, SURROUNDED BY NEW CONSTRUCTION CONDOS. PROPERTY VALUES SOARING.
