Queens, NY 11385,71-20 Central Avenue
Listing Courtesy of Crifasi Realty Associates Inc

$1,365,000

$1,395,000

2.2%
Est.Price: ?

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Est. payment /mo

7 Beds

5 Baths


SOLD DATE : 01/14/2025

Key Details

Sold Price $1,365,000

Property Type House

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Subdivision Glendale

MLS Listing ID RLS10987514

Sold Date 01/14/25

Bedrooms 7

Full Baths 5

HOA Y/N Yes

Year Built 1900

Annual Tax Amount $13,236

Property Sub-Type Single Family Residence

Property Description

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.





Location

State NY

County Queens

Interior

Heating None

Furnishings Unfurnished

Fireplace No

Laundry Building None, None

Exterior

Private Pool No

Building

New Construction No

Others

Ownership None

Monthly Total Fees $1, 103

Pets Allowed Building No, No

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