Description
Income Producing Building. The property is 4 Stories 7,616 Sq. Ft. Mixed -Use Building, Which includes One 2,500 Sq. Ft. Commercial Store on the First Floor and (6) Two Bedroom Apartments, Each Apartment is 1000 Sq. Ft. All Units Are Paying For All Their Utilities, Including Heat, Gas And Electric. There Are 6 Boilers and 7 Separate Meters. The basement is 2,000 Sq. Ft. It Has Separate Entrance From The back Of the Building, It Can Be Rented for Storage. The lot Size is 127 Sqft Long and There Are 5 Parking Spaces In the Back Of The Property. The Roof Can Be Rented to Put Large Signs For Advertisement. The Building is in Prime Location on Jamaica Ave, and Very Close to The Subway J & Z Train Station On The Corner of 104 St and Jamaica Ave. Excellent Income Producer, With Very Low Expenses. Total Gross Income is $188,912 Net Income $167,701. Cap Rate 7%
Location
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