Commrecial condominium in Queens

5,400,000 $
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Total area: 1,330 m² Yield: 7.0%
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Features
  • Absolute return: 338,992 €
  • 3-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 9
  • Total rooms: 11

The subject property is a community facility condo located on the sublevel of a residential condo building in Queens, NYC.

Description

The condo has eleven 11 suites with total area of 1,330 m².

The offer includes 9 outdoor parking spaces near the house.

Property is in good overall condition, the current owner is proceeding with plans for an elevator in the front of the parking lot for street level access, and the installation of windows for the perimeter of the condo and main hallways.

All apartments and parking spaces are leased out.

Financial performance

Absolute income is 380,890 $.

The current yield of 7%.

Location and nearby objects

It is situated in one of the most highly desirable residential neighborhood in Queens with an abundance of shopping, dining, and other amenities

The building is located in proximity to the Kew Gardens LIRR station, numerous subway and bus lines.

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Enquire about this apartments package
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
    • Management company services