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109 Jeanette Ave - 109 Jeanette Ave 1,800 SF Specialty Building Offered at $750,000 at a 6% Cap Rate in Inwood, NY 11096
INVESTMENT HIGHLIGHTS
- Extremely Convenient location.
- Open Plan Living room dining & kitchen with lots of light.
- Updated for Low Maintenance
- Well insulated for thermal factor & noise.
EXECUTIVE SUMMARY
It is a 4 bedroom 2 bathroom detached house with lots of off street parking + back & front garden in residential zone. 50' x 120' lot
Low Real Estate taxes ($5,416 per year) in Great School district. Easy commute to NYC, close to JFK Airport
Close to Atlantic Beach, Rockaway Beaches, Golf Clubs, Race Tracks etc.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$45,000
|
$25.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,000
|
$25.00
|
| Taxes |
$5,416
|
$3.01
|
| Operating Expenses |
$2,500
|
$1.39
|
| Total Expenses |
$7,916
|
$4.40
|
| Net Operating Income |
$37,084
|
$20.60
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $25.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $25.00 |
| Taxes | |
|---|---|
| Annual | $5,416 |
| Annual Per SF | $3.01 |
| Operating Expenses | |
|---|---|
| Annual | $2,500 |
| Annual Per SF | $1.39 |
| Total Expenses | |
|---|---|
| Annual | $7,916 |
| Annual Per SF | $4.40 |
| Net Operating Income | |
|---|---|
| Annual | $37,084 |
| Annual Per SF | $20.60 |
PROPERTY FACTS
| Price | $750,000 | Lot Size | 0.13 AC |
| Price Per SF | $416.67 | Building Size | 1,800 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 6% | Year Built/Renovated | 1900/2017 |
| Property Type | Specialty | Parking Ratio | 2.78/1,000 SF |
| Property Subtype | Residential Income |
| Price | $750,000 |
| Price Per SF | $416.67 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.13 AC |
| Building Size | 1,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2017 |
| Parking Ratio | 2.78/1,000 SF |
AMENITIES
- Commuter Rail
ABOUT 109 JEANETTE AVE , INWOOD, NY 11096
Historic House updated with Hardie Plank siding with metal roof, for low maintenance. Fully insulated. Great School District; but low local taxes ($5,416 per year). Low Crime area. Granite Kitchen & 2 full bathrooms. Oak Hardwood floors through out. Large lot with plenty of off street parking. LIRR station within 5-10 minute walk: less than hour to Downtown Brooklyn, Long Island City or Penn Station in Manhattan. Plenty of Golf Courses, Water sports, Beaches in the immediate area. Makes for a Great place to house Employees, or as rental income property in an area that is appreciating in Value. As close to NYC as you can get without being within NYC!
Presented by
Realty on the Green
109 Jeanette Ave - 109 Jeanette Ave
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