Commercial For Sale near East River
6 family building with vacant 1200 sq ft store front on ground floor formerly a bar. No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Pro forma annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Cap Rate 8.58%Rent Increases in Rent Stabilized Homes:
1-year lease. 2.75%. 2-year lease 5.25%
Property Details
- Beds: 0
- Baths: 0.0
- Sq Feet: 6101
- Year Built: 1931
- Location: East River
- Acres: 0.057
- County: Queens County
- Heat/AC: Natural Gas
- Siding: Brick
- Roof:
- Property Taxes: $20,205
- MLS #: 847324
Location
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Contact Information:
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Listing Agent: Joseph D. Ferone CBR, TMT Realty Group LLC, 718-229-5200, 718-229-5200 Listing Site, Listing Status: Active
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 7170956 |
| Viewed: | 26 times |
| Added: | Oct 29, 2025 |
| Updated on: | Oct 29, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
