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22612 146th Ave - 226-12 146th Avenue 2 Unit Apartment Building Offered at $1,250,000 at a 4.77% Cap Rate Springfield Gardens, NY 11413
Executive Summary
Vacant legal two-family property offering immediate possession and the opportunity to establish market rents from day one. Pro forma projections estimate annual gross potential rent of $81,600, annual NOI of $59,640, a 4.77% cap rate, and a 15.3 GRM. Property is being offered at $1,250,000. All income, expense, unit configuration, and legal occupancy information should be independently verified by the purchaser.
Property Facts
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Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
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