7 Bed 5 Bath Apartment For Sale $1,350,000 2,718 sqft ($497 per sqft)
Broker: Keystone Realty Of Greater New York Keystone Realty USA Corp
For further Information/showings please call or text Morris - 646-463-0717 Opportunity Knocks! Perfect opportunity for savvy real estate investors
...read moreFor further Information/showings please call or text Morris - 646-463-0717 Opportunity Knocks! Perfect opportunity for savvy real estate investors! 225 Rockaway Avenue is a newly renovated 3 story Mixed used building nestled on a beautiful tree lined street of Ocean Hill. Turn key ready building with the potential to produce income from day one and a 6.1% projected capitalization rate. The lower unit is occupied by a restaurant on a 10 year lease currently playing $2,652/month. The 2nd floor 3 bedroom apartment is currently rented and generates $2,350/month. The 3rd unit consist of a 4 bedroom rental and is fully vacant. 225 Rockaway has recently undergone massive renovation by an expert team of contractors featuring hardwood flooring throughout, recessed lighting, beautiful chefs granite kitchens equipped with full sized stainless steel appliances, tiled bathrooms that boast state of the art wall & floor tiles, and much more! Must see to appreciate! Conveniently located with close proximity to major transportation which makes commuting a breeze, local eateries, shopping centers, parks, highways and many other amenities the neighborhood has to offer.
