119-14 Hillside Ave #6, Richmond Hill, NY, 11418

About This Home

The subject property is a 3 Stories, 3,300 Sq.Ft. 6 Family, brick building located in prime location on Hillside Ave, Off Lefferts Blvd. The building includes (4) One Bedroom Apartments. and (1) Two Bedroom Apartment with access to the Backyard and (1) Studio Apartment. All aprtments are rented, they have high ceilings, and are in good condition. The Plembing and Electric System in the building have been recently updated. The boiler is 4 years old and the water heater is 2 years old. All apartments pay for their own electric and cooking gas. The roof is in good condition and can be rented to put large advertisement signs.The building is located off Lefferts Blvd and is close distance to Subway J & Z Subway Train on the corner of 123 St and Jamaica Ave. There is the Leffers Shopping Center on the corner and it is close to many stores and restaurants and banks. 30 minutes to JFK. Excellent investment asset in prime location. The income is as follows: Apt 1A $1,442 Apt 1B $2,060 Apt 2A $1,400 Apt 2B $1,300 Apt 3A $1,545 Apt 3B $1,297 Advertisement sign $1,000 Monthly Gross Income $9,984 Total annual Gross income $120,528 Heat $3,000 Insurance $3,100 Water $2,900 Tax $16,000 Total Net income $95,528 Cap Rate 8% Block & lot 09273-0054 Lot sqft 2,000 Lot dimensions 20 ft x 100 ft Ground elevation 62 ft Zoning districts R4-1 Building class Five to Six Families (C2) Square feet 3,300 Building dimensions 20 ft x 55 ft Buildings on lot 1 Stories 3 Roof height 36 ft Year built 1931 Residential sqft 3,300 Average residential unit size 660