48-20 48 Street

For Sale - Queens - Sunnyside

$1,649,000

Net Operating Income: $$109,642.44

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Key Details

Property Type
MultiFamily
Neighborhood
Sunnyside
Property Dimensions
20.0 x 66.0
Property Area
3,960 sq.
Total Units:
6
Stories:
3
NOI
$$109,642.44
Price
$1,649,000

Listing Description


Best investment in Sunnyside! this building contains 6 units. comprised of 5 two beds and 1 one bed! Newly pointed brick, Huge windows, and hardwood floors. Backyard can be made into parking. just 2 blocks from the 7 train at bliss street.! Quiet tree-lined block. email me or see below for a rent roll and building expenses.


48-20 48th street Info 2018

BUILDING HIGHLIGHTS
Block / Lot: 2291 / 36
Lot Sq. Ft.: 2,500 SF (Approx.)
Lot Dimensions: 25’ x 100’ (Approx.)
Building Sq. Ft.: 3,960 SF (Approx.)
Building Dimensions: 20’ x 66’ (Approx.)
Stories: 3
Zoning: R5
Taxes: $12,050 (Approx.)
UNIT STATUS TYPE LXP MONTHLY
RENT ANNUAL
1F RS 1-Bedroom 06/30/18 $1035.00 $12,420.00
1R RS 2-Bedroom 05/31/18 $1,565.00 $18,780.00
2F RS 2-Bedroom 05/31/18 $1,435.00 $17,220.00
2R RS 2-Bedroom 05/31/18 $1,555.00 $18,660.00
3F RS 2-Bedroom 07/01/18 $1911.00 $22,942.44
3R RS 2-Bedroom 05/31/18 $1,635.00 $19,620.00
TOTAL $ 9136.87 month $109,642.44 year
PROJECTED INCOME
Basement Storage- $725 month—year 8700
2 parking spaces-$200 each, $400 month- year 4800
Year-$13,500





EXPENSES
Real Estate Taxes (15/16): per dept. of finance $12,050.00
Water/Sewer: $6074
Insurance: per owner $3200
Heat (Gas): $2500
Electric (Common Area): $795
Repairs & Maintenance $1350
Total: $25,969.00

FINANCIAL SUMMARY
Gross Annual Income: $123,142.44
Less Expenses: $ 25,969.00
Net Operating Income: $97,173.44

Property Details

Block/Lot:
02291/0036
Lot Dimensions
25.0 x 100.0
Lot Area
2,500 sq.ft
Zoning:
R5
FAR as Built:
1.58
Max FAR:
2.0
Jennylee MarcelinCiti Habitats
Contact Agent Download Listing Flyer

Sales & Transactions

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