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$1,200,000
Est. payment /mo
3,798 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1014339
Rental Info No
Year Built 1931
Annual Tax Amount $11,678
Lot Size 3,798 Sqft
Acres 0.0872
Property Sub-Type Triplex
Source onekey2
Property Description
Excellent investment opportunity in the heart of Far Rockaway! Well-maintained 4-family property featuring one occupied unit generating $3,600/month in rental income and three vacant units ready for immediate lease-up or owner occupancy. Market rents are estimated at approximately $2,700/month per vacant unit, offering a projected gross rental income of up to $11,700/month when fully occupied.
The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach.
Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection.
Projected Gross Rent Roll:
Unit 1 (Occupied): $3,600/month
Unit 2 (Vacant): Approx. $2,700/month
Unit 3 (Vacant): Approx. $2,700/month
Unit 4 (Vacant): Approx. $2,700/month
Potential Gross Income: Approximately $11,700/month ($140,400/year).
The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach.
Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection.
Projected Gross Rent Roll:
Unit 1 (Occupied): $3,600/month
Unit 2 (Vacant): Approx. $2,700/month
Unit 3 (Vacant): Approx. $2,700/month
Unit 4 (Vacant): Approx. $2,700/month
Potential Gross Income: Approximately $11,700/month ($140,400/year).
Location
State NY
County Queens
Rooms
Basement Full
Interior
Interior Features First Floor Bedroom
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Garage Spaces 240.0
Utilities Available Natural Gas Available
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
Schools
Elementary Schools Goldie Maple Academy
Middle Schools August Martin High School
High Schools Queens 27
School District Queens 27
Others
Senior Community No
Special Listing Condition None
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Listed by Royal Realty Group Inc • Hanan Sheleg
Nearby School & Business
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