6 Family Building in Prime Location 11914 Hillside Ave

The subject property is a 3 Stories, 3,300 Sq.Ft. 6 Family, brick building located in prime location on Hillside Ave, Off Lefferts Blvd. The building includes (6) One Bedroom Apartments. All aprtments are rented, they have high ceilings, and are in good condition. The boiler is 4 years old and the water heater is 2 years old. All apartments pay for their own electric and cooking gas. The roof is in good condition. The building is located off Lefferts Blvd and is close distance to Subway J & Z Subway Train on the corner of 123 St and Jamaica Ave. There is the Leffers Shopping Center on the corner and it is close to many stores and restaurants and banks. 30 minutes to JFK.. This Building is an excellent investment asset in prime location.
Income and Expenses:
Apt 1A $1,442
Apt 1B $2,000
Apt 2A $1,400
Apt 2B $1,300
Apt 3A $1,545
Apt 3B $1,297
Monthle income $9,984,
Annual Gross Income $119,808
,Heat $3,000 Insurance $3,100 ,
Water $2900
Tax $16,000
Total Net income $94,808
Cap Rate 6.65 %
Borough Queens
Block & lot 09273-0054
Lot sqft 2,000
Lot dimensions 20 ft x 100 ft
Ground elevation 62 ft
Zoning districts R4-1
Building class Five to Six Families (C2) i
Square feet 3,300
Building dimensions 20 ft x 55 ft
Buildings on lot 1
Stories 3
Roof height 36 ft
Year built 1931
Residential sqft 3,300
Average residential unit size 660