View all 3 photos
Basement:Finished,Full
Multi-Family Residence
School District:
24 Rooms
6 Beds
6 Baths
0 Half Baths
Garage Spaces
Built: 1928
Lot Size: Acres
Heating: Gas
Air Conditioning: 5+
Taxes $15005 (Approx)
Interior Features:

Prime Avenue U / MidWood Location – Turnkey Six-Family Income Producer, Exceptional investment opportunity in a well-maintained six-family building (20’ x 72’ on a 20’ x 100’ lot) with a clean inspection record, including roof, electrical, gas, water, and Local Law 11 requirements. All units are one-bedroom apartments, fully leased except one apartment is empty now , it with annual rent increases of 3% for 1-year leases and 4.5% for 2-year leases. Current annual income is approximately $111,000, and low annual expenses around $29,200, generating a strong 5–5.5% cap rate. Building is located near Avenue U’s vibrant shopping, dining, and services, close to top-rated school P.S 95, parks, and transportation F train with quick access to Manhattan. This is a true cash-flow property—no major repairs needed, immediate rental income, and long-term growth potential in a sought-after neighborhood.

Architectural Style
Construction Materials
Brick
MLSID
495013

Upcoming Open Houses

Find out more

ll
Michelle Zhang

RE/MAX Edge

Direct - (646) 937-2188

Cell Phone - (646) 937-2188

Ask Michelle Zhang
Schedule a Tour?
Preferred Date & Time

Location

Loading...