101-66 125th St Richmond Hill, NY 11419

Features

• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5

Facts

• Year Built: 01/01/1931
• Property ID: 891239482
• MLS Number: 11289274
• Property Type: Other
• County: QUEENS
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.