67 Place, Glendale, NY 11385

3 Photos
 
$1,350,000
Active for Sale
 
Listing ID 11267360
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Glendale
Total Tax $15,807
FEMA Flood Map fema.gov/portal
Year Built 1931
Virtual Tour

Prime Investment Opportunity: Renovated 6-Family Brick Building

Welcome to a lucrative investment opportunity in the heart of Glendale! This meticulously maintained brick 6-family building offers a stable and profitable venture in the bustling real estate market. Property Features: Six 2-Bedroom Railroad Style Apartments: Each unit offers spacious living areas, providing tenants with comfort and convenience. Full Basement with New Boiler: The property boasts a fully equipped basement with a new boiler, ensuring efficient heating throughout the building. Updated Roof and Hot Water Tank: With a rubber roof only 5 years old and a new hot water tank, maintenance concerns are minimized, providing peace of mind for investors. Prime Location: Situated in Glendale, this property is conveniently located close to transportation hubs, shops, and major highways, offering tenants easy access to all necessities and amenities. Investment Potential: With rent-stabilized units and significant upside potential, this property presents a rare opportunity for investors. Whether you're looking to expand your portfolio or start your real estate journey, this property offers a solid foundation for long-term financial success. Don't miss out on this exceptional investment opportunity in Glendale! Take advantage of the thriving rental market and secure your financial future today. Contact us now to schedule a viewing and explore the potential of this prime investment property!
Property Details
  • 6 Full Baths
  • 5376 SF
  • 2660 SF Lot
  • Built in 1931
  • Renovated 2015
  • 3 Stories
  • Available 4/09/2024
  • Full Basement
  • 1792 Lower Level SF
  • Lower Level: Partly Finished
Unit Information
Unit #1Residential/Multifamily, Gross Area: 896, Rent Price: 1600, Bedrooms: 2, Full Baths: 1, Occupied
Unit #2Residential/Multifamily, Gross Area: 896, Rent Price: 1320, Bedrooms: 2, Full Baths: 1, Occupied
Unit #3Residential/Multifamily, Gross Area: 896, Rent Price: 1260, Bedrooms: 2, Full Baths: 1, Occupied
Unit #4Residential/Multifamily, Gross Area: 896, Rent Price: 1087, Bedrooms: 2, Full Baths: 1, Occupied
Unit #5Residential/Multifamily, Gross Area: 896, Rent Price: 1262, Bedrooms: 2, Full Baths: 1, Occupied
Unit #6Residential/Multifamily, Gross Area: 896, Rent Price: 1280, Bedrooms: 2, Full Baths: 1, Occupied
Interior Features
  • Hardwood Flooring
  • Hot Water
  • Gas Fuel
  • Natural Gas Avail
  • 110 Amps
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Municipal Water
  • Municipal Sewer
  • Street View
  • Near Bus
  • Near Train
Community Details
  • Walk-up (Bldg. Style)
Income/Expenses
  • Gross Income $93,696
  • Net Income $63,000
  • Operating Exp $30,693
  • Insurance Exp $5,300
  • Heat Exp $5,400
  • Electric Exp $617
  • Water Exp $4,400
  • Misc Exp $14,976
  • Paid by Landlord: Gas, Water, Insurance
Taxes and Fees
  • $15,807 Total Tax
Listed By
ONE STOP MULTISERVICE INC
Office: 718-554-0257
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