51-47 69th Street

Description

This 2,500 sq ft building is also sitting on a 2,500 sq ft lot. The building features 1 office or retail space on the ground floor. The first floor has a separate private office with its own bathroom. The second floor has 2 one-bedroom apartments (650 sq ft each). The lower level is finished with a bathroom and can be used for staff meetings/storage. Brand new central AC. Gut renovation in April 2018 with all new flooring throughout the building. Complete camera system and Alarm system in place. Office space consists of 1,250 sq ft. The lower level has 1,250 sq ft of storage space. 650 sq ft 1 bedroom apartments (2 one-bedrooms on the second floor). Very low yearly property tax of only $6,502. Walking distance to Q18 & Q47 bus lines and the 7 train. Potential gross income including office/retail space and the 2 apartments $88,800 a year. Cap rate 5%. Net income $74,800.