Elmhurst Investment Opportunity - 6.5 Cap Rate!
Built in 2008, this well-maintained 4-story, 6-unit multifamily building with 1 commercial space offers a high-yield 6.5 cap rate in the heart of Elmhurst, Queens. Spanning 4,880 SF, the building sits on a 20 ft x 100 ft lot and benefits from a 421a tax abatement.
Mix of 1-2-3 bedrooms, fully occupied, the property features separately metered electric and gas.. The heating system is also separately metered, ensuring low operating costs. Strong rental income, and a prime location make this an exceptional turn-key investment opportunity.
Don''''t miss out on this rare find- contact us today!
34-36 110th Street, Queens, (North Corona), NY, 11368
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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