$1,550,000
Active
16 Days Online
7 Beds5 Baths3,360 SQFT
Active

71-20 Central Avenue Glendale, NY 11385

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyQueens
  • Taxes$13,238
  • HOA/Condo/Coop Fees$0
  • Days on Site15 Days
  • MLS StatusActive
  • MLS ID Number3552448
  • Home Size Source N/A
  • Year Built1931
  • Lot Size0.05 Acres
  • Full Baths5
  • Partial BathsN/A

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General Features

  • Style Other
  • Construction Brick
  • Parking PrivateAttached2 Car Attached
  • Parking Spaces 2
  • Sewer Public Sewer
  • Basement FullUnfinished
  • Number of Stories Three Or More
  • Acreage 0.05
  • Water Public
  • Zoning R4-1
  • Cross Street 71st Place
  • Property Sub Type Multi Family
  • Garage Spaces 2
  • Attached Garage Yes

Interior Features

  • Cooling Window Unit(s)
  • Heating OilHot Water
  • Interior First Floor Bedroom
  • Fireplaces 0

Exterior Features

  • Lot Corner LotNear Public Transit

Community Features

  • Township Queens
  • Community Features Park
  • Senior Community No

Schools

School District
Queens 24
Elementary School
Ps 91 Richard Arkwright
Middle School
Is 119 Glendale (The)
High School
Queens Metropolitan High School

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Monthly Payment (Est.)

$8,275
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