The subject property is a 3 Stories, 3,300 Sq.Ft. 6 Family building located in prime location on Hillside Ave, Off Lefferts Blvd. The building includes (6) One Bedroom Apartments. All aprtments are rented, they have high ceilings, and are in good condition. The boiler is 4 years old and the water heater is 2 years old. All apartments pay for their own electric and cooking gas. The roof is in good condition and can be rented to put large signs for advertisement. The building is located off Lefferts Blvd and is close distance to Subway J & Z Subway Train on the corner of 123 St and Jamaica Ave. There is the Leffers Shopping Center on the corner and it is close to many stores and restaurants and banks.
Additional information: Building Siz e:20X55, Lot size 20×100 zoning R4-1
The income and expenses:
Apt 1A $1,442
Apt 1B $2,000
Apt 2A $1,400
Apt 2B $1,300
Apt 3A $1,545
Apt 3B $1,297,
Roof $1,000
Monthly Gross Income $9,984,
Total annual Gross income; 119,808
Heat $3,000
Insurance $3,100
Water $2,900
Tax $16,000
Total Net income $94,808
Cap Rate 6.65%,