100% OCCUPIED, 6 story brick walk up apartment building plus basement containing 20 apartments & 2 retail stores converted to live/work units containing approximately 750 square feet each. $28,000,000 CONDOMINIUM VALUE of the property 14% Projected Potential Projected Cash On Cash Return On Investment If Buyer Develops Available Areas & Maximizes Rents Big Upside!! 1 rent controlled tenant pays only $101 monthly, Plus 2 rent stabilized tenants pays only $569 & $669 monthly.
Great Upside!!!!!!!!! 8 family for sale in Ridgewood, Queens, NY. All 3 Bedroom Apartments! Completely renovated building Modern Bathrooms and Kitchen Roof and Heating (oil) less than 5 years old one apartment delivered vacant Very low occupancy Note to brokers: Commission must be paid by your buyer
8 Apartments -- Two duplexes (2 bedrooms,2.5 baths); Two 3 bedrooms/2baths; Four 1 bedroom/1bath. Low taxes with 12 year tax abatement. Great location.
Improvements include new stucco to the outside of the building, a new roof, new windows in the lobby, new stairwell, renovated hallways, a Key Fob entry system, and solar panels on the roof. Many apartments have also been renovated with new kitchens, bathrooms, and new floors over the past few years
This property is a 3-story limestone mixed-use building with 1 residential and 1 commercial space. Structurally in a good condition, the asset consists of 1 bedroom, kitchen with a small full bathroom on the 1st level (could be used as a commercial space), open floor space with a bathroom on the 2nd floor and 3 bedrooms with a full bathroom on the third floor. Second floor is currently being used for a religious practice. This property requires renovations. Entire building is owner occupied and will be delivered vacant upon sale. 1728 SF above grade + full low ceiling (storage) basement.
Four-apartments, corner, detached brick house. Off-street parking for 2 cars. Interior is upgraded. All windows replaced with double pane, roof recently upgraded and sealed. 4 apartments with own bathroom and kitchen. Two of the kitchens need to be installed. The first floor front apartment has a large hall/living room that has two entrances (2 bedrooms joined together). All the bedrooms are facing the street (99 Str.) and enjoy privacy and morning sun through large windows. Hardwood floors throughout and finished basement with laundry room and heating room. The basement has tile floor, heating, electricity outlets, and a small half bathroom. Separate electric meters for each apartment but collective heating of whole house by gas. The property is owned and used by a spiritual yoga/meditation community and is mortgage free.
The subject property is a fully-leased elevator brick six-story multifamily building with mixed residential and commercial units. The building contains (3) retail units on the first floor including one office space, and (30) residential units on the remaining five floor. The residential portion is made up of (25) two-bedroom/two-bath apartments and (5) three-bedroom/two-bath apartments. The building also includes (16) parking spaces and storage units in the cellar. The building was recently finished in June 2011 with the highest quality construction, including heating/cooling systems installed in each apartment, along with separate utility meters. All tenants are responsible for paying their own heating/cooling expenses. There is great upside to the rents as they are currently below market. There is also the opportunity to sell off the condos as the market continues to improve. The property enjoys high vehicle and foot traffic on Jamaica Avenue, a main thoroughfare in the heart of Jamaica, Queens; it is filled with dense retail, commercial, and residential properties. Located less than a mile away from the Hollis and Jamaica Center LIRR stations including the E, J, & Z subway lin
The Perfect Canvas For Your Vision. - Built in 1849 - Spectacular Location - Delivered vacant - Conversion to a single-family townhouse or to a boutique condo with up to 4 units possible - Across new development building with prices of over $5,000/sq.ft. - Potential for commercial use of ground floor - Renovations could include additional Terrace, Elevator and Pool - Building is 22 x 42 on a large 22 x 95 lot - Deep lush Garden with Gazebo
Ideal User / Development Opportunity! Located On East Broadway! In The Lower East Side! Will Be Delivered Vacant!
INCREDIBLE OPPORTUNITY!! This prime property has the potential for significant expansion! The site has a maximum usable floor area of 22,563 square feet, but only 11,994 square feet are being utilized but the current structure, a 4-story building built 25 feet wide by 150 feet deep. The property has a FAR allowed by zoning of 6.02, and as built the FAR is only 3.2. The zoning district code for the site is R8. Buildings in R8 districts can range from mid-rise, eight- to ten-story buildings to much taller buildings set back from the street on large zoning lots. This lot is 25 feet wide by 149.92 feet deep, making this property a truly exceptional development opportunity. For the investor: This vacant building can easily be transformed into a luxury condominium, a luxury rental building, or rentals geared toward the academic community. Alternately, it could be converted to a single or multi-family home and resold to an end user.