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Back 76-34 85th Road
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76-34 85th Road

New York NY 11421

6
4
2071 sq. ft.
2521 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Investors Delight! Welcome to this 2 family home in Woodhaven! Great opportunity to invest in a well-run, income producing 2 family! The first floor boasts a spacious 3 bedroom 2 full bath apartment. Spacious living room, 3 good size bedrooms, massive eat in kitchen with washer and dryer hookup, side access to the spacious paved yard plus a bonus room currently separated off for landlords use but could be easily added to current unit for higher rent. Currently tenanted, paying $2295 per month (lease expiring July 31st, 2025), with the tenant paying their own cooking gas and electricity. The second and third floor duplex has been recently renovated and features a 2nd floor living room, kitchen and 1 bedroom and a full bathroom with the second bedroom located on the third floor with a sitting room for additional space. Currently tenanted, paying $2350. Additionally, this property boasts a full and finished basement with a separate entrance, full bathroom, mechanical room and bonus rooms. The presence of a backyard completes this property, providing a private outdoor area for relaxation or gatherings. Overall, this property in Woodhaven offers a range of living spaces suited for various needs and preferences. Its proximity to essential amenities, including transportation, Forest Park and shopping ensures that residents have everything they need within reach. Fully rented, this property generates an annual gross income of $72,360. Owner's annual expenses are $12,804 yielding a 6.5% cap rate!

Features

6 bedrooms
4 bathrooms
2071 sq. ft. floor area
2521 sq. ft. lot size
Multi-Family

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Local market activity for 6 bedroom multi families in New York

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