74 Avenue U #5

The property's current set-up is 5 Free Market Box units of which 3 units are occupied (all month to month) with the entire 1st floor unit completely vacant and 3R is vacant. The 1st floor can be legally converted into a Commercial Store and a Rear 1 bedroom 1 bathroom apartment. The 2nd floor and 3rd floor consist of 2 Front, 2 bedroom 1 bathroom units with 2 Rear, 1 bedroom 1 bathroom units. The projected annual income with 4 units and the 1st floor being a Commercial Store with a Rear 1 bedroom 1 bathroom unit is $119K. Taxes are $14K. Total annual expenses are $26K. The Gas boiler is about 9 years old, Water tank is about 8 years old, and Roof is about 6 years old. The property has been extremely very well maintained by proof of absolutely not having a single HPD or DOB violation. It's a 5 minute walk to for the N train on Avenue U Station and D train on 25 Avenue Station. Complete financials, photos, and virtual tours are available upon request.