72-14 69th Pl - Glendale, New York
72-14 69th Place is a three (3)-story investment property built approx. forty seven hundred square feet (4700SF) in the Glendale area of Queens, New York. Comprised of six units total, five are free market with one remaining rent stabilized, bringing in approx.. $160,000/yr from the existing rent roll. Currently configured into a collection of recently renovated three-bedroom and four-bedroom (3BR & 4BR) apartments, all with newly outfitted kitchens, baths, hardwood floors, and washer/dryer in units. The building has been recently updated with a new boiler, electric and roof. Delivered fully occupied with an actualized cap rate of 4.71% OR a net operating income (NOI) of over $116,750/yr.
This listing courtesy of Douglas Elliman