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$1,600,000
Est. payment /mo
4,939 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 943315
Rental Info No
Year Built 1950
Annual Tax Amount $44,381
Lot Size 4,939 Sqft
Acres 0.1134
Property Sub-Type Multi Family
Source onekey2
Property Description
Welcome to 6361 110th Street property located in the highly desirable Forest Hills neighborhood, this well-maintained six-family brick building presents a rare opportunity to acquire a fully rent-stabilized asset in one of Queens' strongest rental markets. It consists of six rent-stabilized residential apartments and six on-site garages, providing both stable income and additional revenue potential. Apartment configuration includes: *two 2-bedroom apartments, *two larger 1-bedroom apartments and two smaller 1-bedroom apartments.
The building is of solid brick construction, offering durability, low maintenance, and long-term value. The unit mix appeals to a wide range of tenants, supporting consistent occupancy. The presence of six garages is a significant amenity in Forest Hills, enhancing income. and tenant demand. Approximate yearly gross income close to $160,000
Situated on a residential block with convenient access to transportation, shopping, dining, and neighborhood amenities, this property represents a stable, long-term investment with upside through future rent growth and operational efficiencies.
The building is of solid brick construction, offering durability, low maintenance, and long-term value. The unit mix appeals to a wide range of tenants, supporting consistent occupancy. The presence of six garages is a significant amenity in Forest Hills, enhancing income. and tenant demand. Approximate yearly gross income close to $160,000
Situated on a residential block with convenient access to transportation, shopping, dining, and neighborhood amenities, this property represents a stable, long-term investment with upside through future rent growth and operational efficiencies.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Garage
Utilities Available Electricity Connected, Natural Gas Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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Listed by Trademarko Realty Inc • Marek Sobolewski
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