Lisa Sadinsky - Broder Group
Price Reduced 3.13%
Price History
$1,600,000
5/16/2024
$1,550,000
5/22/2024
71-20 Central Avenue, Glendale, NY, 11385
18 rooms
7 beds
5 Full baths
1931
Other
3,360 sqft
Welcome to your next investment opportunity in Glendale, NY! This well-maintained corner brick building boasts a prime location and lucrative potential. Comprising five residential units along with a convenient 2-car garage, this property offers both versatility and convenience. Currently, apartment 1R stands vacant, presenting an immediate opportunity for occupancy or customization. With a potential net annual income of $103,200 upon rental of 1R, and a net income of $72,610, this investment promises substantial returns. The building features four one-bedroom apartments and one spacious three-bedroom unit, catering to a variety of tenant needs. Heating is provided by oil, ensuring comfort throughout the seasons. Located in proximity to Atlas Mall and just a stone's throw away from the express bus on 73rd and Myrtle, commuting into Manhattan is a breeze. Whether tenants seek urban amenities or suburban tranquility, this property offers the best of both worlds. Don't miss out on this exceptional opportunity to add a lucrative asset to your portfolio.
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
R4-1
Garage:
2-car Private, Attached, 2 Car Attached
Heating:
Oil, Hot Water
Cooling:
Window Unit(s)
Basement:
Full, Unfinished
Parking:
2-car
Acreage:
0.05
Est. Taxes:
$13,238
Construction
Brick
Lot Description:
Corner Lot, Near Public Transit
Elementary School:
Ps 91 Richard Arkwright
Middle School:
Is 119 Glendale (The)
High School:
Queens Metropolitan High School
School District:
Community District 24
MLS #:
3552448
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Crifasi Real Estate Inc 718-782-4411