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