103-26 Alstyne Ave Queens, NY 11368

This charming three-story apartment building, located at 103-26 Alstyne Ave in Queens, NY 11368, presents a compelling value-add investment opportunity. Boasting a 7.20% cap rate and a substantial net operating income (NOI) of $72,000, this property offers significant potential for increased profitability. The building comprises two units, each featuring three bedrooms and one bathroom, totaling 1,689 square feet of net rentable space. Situated on a 1,899 square foot lot, the property is zoned R5. Originally constructed in 1920 and renovated in 2000, this building presents a chance to enhance its value through strategic improvements. The property's location in Corona offers convenient access to local amenities and transportation. Each unit has the potential to generate monthly rental income between $3,000 and $5,000, further enhancing the investment's appeal. This is an exceptional opportunity for investors seeking a strong return on investment in a desirable Queens location. The asking price is $1,000,000. Don't miss this chance to acquire a multifamily property with significant upside potential.