Property Details

Overview

The Numbers Don’t Lie... The price is well below its ZESTIMATED value! And the condition is even Better! Ideal Investment Property Opportunities or Future End-Users! Perfect paying long-time tenants. Current income of $5, 800/month, with the owner only responsible for taxes and cold water. Future income potential is even higher. This property boasts a 5.5% Cap Rate, making it one of the best legal two-family homes in its price range. The spacious first-floor apartment offers approximately 1, 200 sq. ft. of living space, including large rooms. It features a living room, formal dining room, huge eat-in kitchen, main bedroom with an en suite bath, two additional bedrooms, and a full bath. The second-floor apartment is impressively large, offering ample space and endless possibilities. The finished basement has high ceilings (around 8’) and a separate exterior entrance via a wide side staircase with its own heating zone and baseboard heat. Perfect for investors, 1031 exchange buyers, or end-users looking to live in one unit and rent out the other. Conveniently located near bus transportation and just a few blocks from the new Post Avenue LIRR Station-only 41 minutes to Penn Station or Grand Central Station. Walk to diverse shopping, dining, and more. Excellent appearance Separate hot boilers and domestic water heaters for each unit