10436-10438 38TH Ave

Prime Elmhurst Investment Opportunity - 7.5 Cap Rate!

-NOI 316,113

-Built in 2009:

-Not just 1 but 2 well-maintained 4-story, 8-unit and 7 unit multifamily buildings

-15 total apartments, 6 one beds / 5 two beds / 4 three beds

- 54 total rooms / 28 total bedrooms

- 7.5 cap rate in the heart of Corona, Queens

-benefits from 421a tax abatements / RET 1,237 month

-Spanning a total of 5,430 SF, sits on a 27 ft. x125 ft. and 20 ft. x 125ft. lots respectively

Fully occupied, the property features separately metered electric and gas.Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and a prime location make this an exceptional turn-key investment opportunity.

Do not miss out on this rare find- contact us today!