14203 Cherry Ave
Flushing, NY 11355
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.04 AC |
| Property Type | Multifamily | Building Size | 4,520 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2005 |
| Building Class | C | ||
| Zoning | R7B | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,520 SF |
| No. Stories | 4 |
| Year Built | 2005 |
| Zoning | R7B |
Amenities
Unit Amenities
- Balcony
- Yard
- Basement
About 14203 CHERRY AVE , FLUSHING, NY 11355
8 Units Multi-Family in Prime location of Flushing Queens. Build in 2005. 15 years 421a tax abatement till year 2022. Great location, near by all shopping, restaurant, supermarket, school, and transportation. 4 Story Brick walk up apartment with basement. Two apartments per floor. All occupied with rent stabilized. Landlord pays water. Tenants are responsible to Heat and Electric. All separate meters. Total rental income $126,240/year *1st floor: 1F Studio $1,000/mo. 1R One Bed/ One Bath $1,360/mo *2nd floor: 2F One Bed/ One Bath $1,360/mo. 2R One Bed/ One Bath $1,360/mo *3rd floor: 3F One Bed/ One Bath $1,360/mo. 3R One Bed/ One Bath $1,360/mo *4th floor: 4F One Bed/ One Bath $1,360/mo. 4R One Bed/ One Bath $1,360/mo Total Expense $27,276. *Tax: $10,776 / year *Water: $10,000/year *Insurance $5,000/year *Misc Expense: $1,500/year Net Operating Income: $98,964
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,000 | - |
| 1+1 | 7 | $1,360 | - |
Property Taxes
| Parcel Number | 05186-0159 | Improvements Assessment | $324,902 |
| Land Assessment | $69,283 | Total Assessment | $394,185 |
Property Taxes
