For Sale

Listed by Agatha Lubas

Source: OneKey #3492740

76-34 85th Road, New York, NY, 11421

$899,000

6
4
2071 sq. ft.
2521 sq. ft.

MultiFam

30+ days on the market

What's around 76-34 85th Road

About this property

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!

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