Sale of an occupied 1200 sqft Rent Stabilized 2BR/1 1/2 BTH Sponsor co-op unit. No board approval is required. Positive cash flow. Yearly rental income: $14,784 Yearly maintenance expenses: $12,816 Vacant Market Value ( VMV): $709,000 Sale Price: $248,000 (35% of the VMV) Comparable: Unit Size Price Date #2J 2BR/1 & 1/2 BTH $709K 10/26/21 #7R 2BR/1 & 1/2 BTH $705K 07/07/21 #6N 2BR/1 & 1/2 BTH/Terr $725K 04/26/21 #4D 2BR/2BTH /Terr $787K 05/17/21 The terrace View is a pet-friendly full-service doorman that features a beautiful lobby, 2 elevators, a new digital intercom and lobby doors, a daily doorman, a gym, storage, indoor parking (waiting list), and two laundry rooms on premises, and a live-in super. The building is located on a tree-lined street in the historical landmark district of Jackson heights. Nearby are a weekly farmers market, supermarkets, restaurants, cafes, banks, libraries, and schools. A very vibrant neighborhood. Easy access to the E, F, M, R, and 7 train lines. The unit has a 2BR/1 1/2 bath, and a dining alcove overlooking a sunken living room. 2 full-size bedrooms, a sizeable breakfast area, and a large separate dining room that can be converted into a third bedroom. This is a Sponsor sale that does not need board approval. The status of unsold shares is not transferable to the purchaser.