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321 Milford St New York, NY 10018

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For Sale
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Solid brick, high-cap rate multifamily.

Property Features for 321 Milford St

General Information

Property type
Multifamily properties

Building Details

Units
4

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Listing Contact
Jean Paul Ho
Jean Paul Ho

Listing Agency: BRP Associates Inc Listing Agent: Jean Paul Ho

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This well-maintained, legal four-family brick building at 321 Milford Street in New York, NY 10018 presents a compelling investment opportunity. The semi-attached structure boasts 3,184 square feet of living space, situated on a 36 x 100 lot with a private driveway. The building features two three-bedroom apartments and two two-bedroom apartments, each with a spacious living room and modern open-plan kitchen. Recent upgrades include all new plumbing, gas lines, and electrical systems throughout the building. A new gas boiler with a 75-gallon hot water tank and a new rubberized roof ensure efficiency and longevity. The full basement offers high ceilings, ceramic tile, ample windows, and two entrances. The property benefits from R5 zoning and a significant 1,332 unused FAR. The building's strong financial performance is highlighted by an annual income of $100,968, expenses of $12,359, and a net operating income (NOI) of $88,609. Conveniently located near the A and C trains, buses, and various shopping options, this property offers immediate rental income with minimal required work. The high ceilings and excellent location make this a truly exceptional investment. The asking price is $1.35 million.
Property Profile Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
New York
County
NY
State
New York
Longitude
-73.8760244
Latitude
40.6713116

FAQs

What type of property is this?
Multifamily property - Solid brick, high-cap rate multifamily.
Where is this multifamily property located?
The property is located at 321 Milford St New York, NY.
What are key features of this property?
This property features: Asking Price: $1.35 Million; Annual Income: $100,968; Annual Expenses: $12,359
(718) 713-6888 Call to check price and availability
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