OPPORTUNITY KNOCKS! Mixed-Use Corner Building w/ 2 residential units and a spacious commercial unit! Building is in good condition, situated on the corner of Avenue L and E 96th St for ample foot traffic, multiple entrances. Apartment 1 is a 2 Bedroom, 1 Bath ($1,620 / Month-to-Month) and Apartment 2 is a 3 bedroom, 1 Bath ($1,900 / Month-to-Month). Current tenants have resided here for 10 years and 6 years, respectively. Commercial unit under lease, currently a church ($4,160/month through September 2020, increased to $4,275/month through lease end September 2021). FULL FINISHED BASEMENT. Tenants pay all utilities except for water. Taxes: $6,136.72 / Operating Expenses: $14,886 / CAP RATE 5.6% All Information, Including But Not Limited To Taxes, Lot Size, Age Of Property Are Not Guaranteed Nor Verified And Should Be Independently Verified. No Offer Considered Accepted Until Formal Contract Of Sale Has Been Fully Signed By All Parties And Delivered Compensation offered to MLS participants only. No Commission due until title passes.
Listing courtesy of Compass RE NY, LLC.
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