5- 11 117 St Queens, NY 11356

Property Details for 5- 11 117 St

Year built

1931

Property size

3,000 SF

Property type

Apartment buildings

Description

This well-maintained semi-detached brick building in College Point, Queens offers a compelling investment opportunity or owner-user scenario. The property, built in 1931, boasts 3,000 square feet on a 3,000 square foot lot and is zoned R4. The building comprises four apartments: three two-bedroom units and one one-bedroom unit. Each apartment features a full bathroom, a comfortable living room, and a kitchen. The current annual rent roll is $86,400, with one two-bedroom unit's lease expiring March 31st, presenting a chance to increase rental income. The property also includes an unfinished basement, offering potential for future expansion or additional storage space. Its convenient location near shops, restaurants, parks, schools, and public transportation, including easy access to the Q25 bus, adds to its appeal. The building's dimensions are 22.06 feet wide by 80 feet deep. This property presents a strong investment opportunity in a desirable location. The asking price is $1,300,000.