Matthew Barbaccia
This listing was posted on RealtyWW.
$3,300,000
Home For Sale In Richmond Hill, New York
Price:
$3,300,000
BR/BA:
10+ BR, 10+ BA
Location:
101-66 125th St, Richmond Hill, NY
Description:
The subject property is a 11, 500-sf building consisting of 16 residential units at 101-66 125th Street in the Richmond Hill neighborhood of Queens. The current owner has owned the property for over 40 years. The building has updated plumbing and electrical, gas boiler with two 100- gallon hot water heaters and new gas meter bars. The property consists of (8) 1 bedrooms and (8) 2 bedrooms. The average rent per unit for a 1 bedroom is $1, 510 and $1, 707 for 2 bedroom units. Most of the current rents being charged are preferential rents. A new investor has the opportunity to increase rents to the legal rent amounts registered with DHCR when existing tenants vacate. This well-maintained multifamily building represents a compelling investment opportunity within a well-connected and desirable locale.For more details: https://realtyww.info/homes_richmond-hill-d53367/for-sale_i73024045
Property Type:
Single-Family Houses
Posted:
June 16 on RealtyWW
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