22-08 120th Street,College Point, NY 11356
College Point, NY 11356
Description
Investment Opportunity in College Point: Detached Six-Family Residence with Recent Upgrades and Private Driveway. Presenting a detached six-family property in the College Point neighborhood of Queens. This income-producing asset features five recently renovated units, all six units with a functional railroad-style layout offering two bedrooms and one bathroom. All units boast hardwood floors, tiled kitchens, and fully tiled bathrooms, with abundant natural light streaming through numerous windows. The property also benefits from a new electrical system and a new roof. Benefit from a strong approximate 6% capitalization rate and the convenience of a private, fenced-in driveway with approximately 10 on-site parking spaces. and offers the potential for 2 - 3 vacant units upon closing. Residents will appreciate the property's proximity to the Flushing Point Marina and Skyline Sports Club, as well as easy access to transportation via the nearby Q65 MTA bus line. This is an exceptional opportunity for investors seeking a stable and upgraded multi-family building in a prime location.
Details
| MLS # | 952291 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 243 |
| Listing Provided By | RE/MAX Edge | Josephine Sabatino |
Features
| SQ Feet | 3,900 |
|---|---|
| Basement | Y |
| Units | 6 |
| Acreage | 0.11 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Private |
|---|
Utilities
| Utilities | See Remarks |
|---|---|
| Sewer | Other |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 292680 |
| Tax Annual Amount | 154730 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | College Point |
| Zip Code | 11356 |
| Listing VS Median (in 11356) | |
Price: $1,680,000 low | high Med: $849,000 sqft: 3,900 low | high Med: 1,443 $ / sqft: $431 low | high Med: $589 On site: 243 low | high Med: 72 | |
Market Activity 11356
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | College Point |
| Zip Code | 11356 |
| Listing VS Median (in 11356) | |
Price: $1,680,000 low | high Med: $849,000 sqft: 3,900 low | high Med: 1,443 $ / sqft: $431 low | high Med: $589 On site: 243 low | high Med: 72 | |
