Remarks
Projected 8% PRO-FORMA CAP RATE at list price!! Fully remodeled legal Four-Family property offering strong income potential and immediate upside. Priced to sell, this is an excellent opportunity for both investors and owner-occupants. Ideal for an investor seeking a strong addition to their portfolio / first investment property, Or a buyer looking to live in one unit while renting the other three. The building has been extensively updated providing modernized units and low-maintenance ownership. Each unit is separately metered for gas and electric, with tenants responsible for their own utilities while the landlord pays for water. Two units will be delivered vacant, offering the ability to immediately occupy or rent at current market rates, while the remaining two units are currently rented below market, create meaningful upside potential for increased income. With low property taxes and a convenient location near shops, schools, major parkways, public transportation, and easy access to NYC, this property presents a compelling opportunity for immediate cash flow and long-term investment potential. A remodeled, income-producing property ready for its next owner.
