Courtesy of: Dimitrios Kapelonis, GRAVITY REAL ESTATE ADVISORS LLC, dkapelonis@gravityreg.com
Courtesy of: Dimitrios Kapelonis, GRAVITY REAL ESTATE ADVISORS LLC, dkapelonis@gravityreg.com
$1,500,000
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3,960 square feet
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6.00 Bath (6 Full)
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Other
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$1,500,000
48-14 48th Street Fully rented six-family walk-up in the heart of Sunnyside - one of the most stable small-multifamily markets in Queens. The building sits on a 25 x 100 lot with R5 / C1-2 zoning and contains five 2-bedroom apartments and one 1-bedroom. Two apartments are free market, four are rent stabilized. Sunnyside is block after block of pre-war walk-ups with a deep working-renter base anchored by Manhattan and Long Island City employment. The 7 train at the 46th St-Bliss St and 52nd St stations puts tenants at Grand Central in roughly 10 minutes. Strong in-place income at actual rents - an ideal fit for an owner-operator or 1031 buyer seeking durable cash flow in a proven rental pocket. Full setup, rent roll, and operating statement available upon request.
Courtesy of: Dimitrios Kapelonis, GRAVITY REAL ESTATE ADVISORS LLC, dkapelonis@gravityreg.com
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