7 Beds
4 Baths
2,051 Sqft Lot
7 Beds
4 Baths
2,051 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1034363
Bedrooms 7
Full Baths 4
Rental Info No
Year Built 1931
Annual Tax Amount $12,084
Lot Size 2,051 Sqft
Acres 0.0471
Property Sub-Type Quadruplex
Source onekey2
Property Description
One of the best-priced renovated mixed-use investment properties currently available in Queens. A rare opportunity to acquire a vacant, income-producing asset with exceptional cash flow potential.
Don't miss this rare opportunity to acquire a renovated, vacant 3,800 SF mixed-use building in a prime Sutphin Blvd location. Featuring (4) renovated units with a total of 7 bedrooms and 4 bathrooms, this turnkey property offers immediate income potential for investors or owner-users alike.
The building includes one commercial storefront with excellent visibility on Sutphin Blvd and three renovated residential apartments, all delivered vacant, allowing the new owner to lease at current market rents from day one. Additional highlights include 12-foot ceilings a large finished basement, and strong upside in one of Queens' most active commercial corridors.
Based on estimated market rents, the property offers projected gross annual income exceeding $160,000, representing an estimated ~12% capitalization rate at full occupancy.
Property Features:
* Approximately 3,800 SF
* (4) Renovated Units
* 7 Bedrooms | 4 Bathrooms
* Prime Mixed-Use Building
* 12-Foot Ceilings
* Large Finished Basement
* Delivered Vacant
* Strong Investment or Owner-User Opportunity
Unit Mix:
* Unit #1 – Retail Storefront
* Unit #2 – Three-Bedroom Apartment
* Unit #3 – Two-Bedroom Apartment
* Unit #4 – Two-Bedroom Apartment
**Seller financing may be available to qualified purchasers with a substantial down payment.**
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Interior Features High Ceilings, Other
Heating Baseboard, Other
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Alley Access
Utilities Available Natural Gas Available
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 110
Middle Schools Jhs 216 George J Ryan
High Schools Queens 25
School District Queens 25
Others
Senior Community No
Special Listing Condition None
