Featured Property

Sunnyside • Call For Price
Mixed-Use Building
4148 40th Street

73 Units and 4 Retail Units. Rare opportunity to buy in Long Island City's niche called Sunnyside. Owned by one family for over 45 years. Corner property with 4 commercial units, 50 residential units & 23 units sold as a package. One block walk to train—in the city in 11 minutes. Renovated apartments. 60% of the units are free market. Walk up-apartment building (less maintenance costs). Construction type is masonry (brick). New roof and parapet. New sidewalk. Gross annual income $ 1,615.760. Total annual expenses $508,447. Net annual income $1,107.313. Cap rate 5.82%.