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7214 69th Pl
Glendale, NY 11385
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 6,500 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1931/2015 |
| Zoning | R5B, R5D, C2-3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1931/2015 |
| Zoning | R5B, R5D, C2-3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Hardwood Floors
- Stainless Steel Appliances
- Dining Room
- Family Room
- Smoke Free
ABOUT 7214 69TH PL , GLENDALE, NY 11385
72-14 69th Place is a three (3)-story rent stabilized investment property built approx. forty seven hundred square feet (4,700 sq. ft.) in the Glendale area of Queens, New York. Comprised of six (6) units total, five (5) have been recently updated to collect higher preferential rents, bringing in approx. $160,000/yr from the existing rent roll. Currently configured into a collection of 3BR & 4BR apartments, all with newly outfitted kitchens, baths, hardwood floors, and washer/dryer in unit; the building also has updated plumbing, electric and roof as of 2015. Delivered fully occupied with an actualized cap rate of 5.17% OR a net operating income (NOI) of over $118,000/yr. Glendale is conveniently located just 15-20 mins. from both JFK & La Guardia Airports, and has subway access via the the L train at Wyckoff/Myrtle Ave stop via the Q55 bus or the M line at Fresh Pond Road. 72-14 69th Place is located on the corner of Cooper Ave, which along with Myrtle Avenue comprises the major thoroughfare for restaurants and retail business in the area that reflect this neighborhood's character and charm. Surrounded by favorites like Zum Stammtisch, Edison Place, K&A, Sweet Janes, The Monk, Glendale Bagles, and Russo Bakery, as well as local amenities such as supermarkets, pharmacies, dry cleaners, and major banks like Capitol One & Bank of America. Please inquire for full setup.
PROPERTY TAXES
| Parcel Number | 03704-0025 | Improvements Assessment | $170,940 |
| Land Assessment | $5,254 | Total Assessment | $176,194 |
PROPERTY TAXES
