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1120 Neilson St
Far Rockaway, NY 11691
Meadowview Complex · Multifamily Property For Sale
·
13 Units
Investment Highlights
- Gated Community
- Open Floor Plans
- Private Parking
- Lots of Natural Light
- Quiet Neighborhood
- Washer and Dryers in all units
Property Facts
| No. Units | 13 | Building Size | 18,000 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 2006/2015 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.83 AC | ||
| Zoning | R3X - Duplex | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 2006/2015 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3X - Duplex |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
- Gated
About 1120 NEILSON ST , FAR ROCKAWAY, NY 11691
Beautifully Maintained Complex. Major upside with unused space and below-market rents. Easily maintain a higher GOI and NOI by raising rents, charging a parking fee, charging a water/sewage fee. etc. Major upside and easy to achieve.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 9 | $2,400 | 900 - 1,200 |
| 2+2 | 1 | $2,100 | 800 - 900 |
| 4+2 | 1 | $3,300 | 2,000 - 2,400 |
| 5+3 | 2 | $3,200 | 1,400 - 1,800 |
Property Taxes
| Parcel Number | 15542-0010 | Improvements Assessment | $30,255 |
| Land Assessment | $8,668 | Total Assessment | $38,923 |
Property Taxes
Parcel Number
15542-0010
Land Assessment
$8,668
Improvements Assessment
$30,255
Total Assessment
$38,923
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