Remarks

Welcome to 158-16 Sanford Avenue- an extraordinary multi-family
investment opportunity located in the much sought after section of
Flushing! This property provides for 13,000 SF across four stories,
featuring 20 one bedroom units generating a gross income of $385,000
with an upside for additional revenue streams! This fully detached
brick structure is situated on a 6,700 square foot corner lot &
immaculately maintained by a live-in superintendent. Each apartment
is separately metered for both gas & electricity consumption, in
addition to simple open layouts with natural light coming in from
multiple exposures. The rooftop can easily accommodate a cell site,
and or be upgraded to a rooftop deck setting. The basement grants an
additional 3,000+ SF outside of the 13,000 SF which can easily allow
for a laundry setting, as well as bike & or assigned storage units
which would bring in additional income. The side yard of the subject
property furthermore allows for vehicle parking. This property
promises consistent returns for years to come with tremendous upside
for additional revenue streams & high ROI in one of New Yorks' most
vibrant of neighborhoods!

-Centrally located: Near #7 train, LIRR (Murray Hill train station),
Buses, Express buses, commuters mini buses & Airports (La Guardia
Airport is located within 15 minutes)
-Close proximity to banks, restaurants, supermarkets, stores &
shopping malls (ex. New World Mall & The Shops at Skyview Center)
-Close proximity to parks, schools, library, expressways (I-678,
Whitestone Expressway, Northern Blvd. (Route 25A)

Details

MLS#: 825955
Price: $4,990,000

Style: Multi Family
Sq Ft: 13000
Year Built: 1926

County: Queens
Tax Fee: 53412.29