215th Street - Significant Development Oppty Apts Mixed Use 4 Unit Apartment Building Offered at $2,000,000 at a 4.20% Cap Rate Bayside, NY 11361

Well maintained, immaculate, sunny, four unit, mixed use, fully occupied, walk up, free market, brick apartment building with a reputable physical therapy medical office on the ground floor and a full finished basement. Two separate front doors entrances with good frontage and sign visbility. Built in 2007 with hardwood floors, private driveway for five cars and a backyard. High ceilings with private balconies. Total of around 4,000 square feet with each floor around 1k square feet. Second floor has two apartments with one bedroom and one bathroom per unit. Third floor has a three bedroom and two full bath apartment. Tenants pay heat and electricity.

Yearly rental income $118,800 and yearly net income around $84k. Yearly property taxes $16,891. Significant development opportunity on a 2,925 sq ft lot with a maximum facility FAR up to 6k sq ft (please consult with an architect and attorney)! Building Class C0 - THREE FAMILIES. Zoning R4. Please do not disturb tenants.

Off Northern, Bell & Springfield boulevards, Cross Island Parkway and Clearview Expressway. Around 25 minute non rush hour drive to both LaGuardia, JFK airports and around 45 minutes to Upper East side Manhattan! Several blocks to LIRR Bayside station (around 30 minutes to and from Manhattan Penn & Grand Central station!). Next door to Infiniti auto dealership corner lot with great 28k+ car & foot traffic on Northern Blvd! Down the block from N20G, N20X, Q12, Q13 and Q31 buses.

For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431, michong2009@gmail.com. Real estate agent at Hanmi Realty.