2061 49th St

Attention Investors - Free market rents - 6 Family Semi-Detached Brick Home with Private Driveway in Astoria Heights. Building is only 17 years old. Great investment opportunity. Excellent location. Lot: 40'x105'. Building: 32'x53'. Lot Sq Ft: 4,200. Building Sq Ft: 5,088. Zoning: C2. Built: 2005. Total of 28 rooms, 11 Bedrooms, 6 Full Baths. Est. Annual Water/Sewer: $2,743.63
Est. Annual Insurance: $4,631.85. Est. Annual Electric: $2,734. Gross Expenses: $46,210. Available Units: 6.
Gross Income: $155,880 NOI: $109,690.30.
Est. Annual Taxes: $36,000.
The taxes may be high - But most of the rental income is below market value - good upside.
Take advantage of a fantastic building built second to none - Submit all offers - tenants can stay and pay market rents .
Separate hot water heaters - beautiful /clean & building.