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Forest Hills Gardens – 4-Unit Portfolio 4 Flex Condos Offered at $1,450,000 in Forest Hills, NY
Investment Highlights
- Bundle-Only Sale: All four units conveyed together by the Estate.
- Prime Location: Forest Hills Gardens—exclusive, private, landmarked community known for long-term tenant retention.
- Strong Mix: Rent-controlled + free-market units providing both stability and upside.
Executive Summary
PORTFOLIO COLLECTION - FOUR APARTMENTS INCLUDED (#3A, #5F, #5H, #6E) NO BOARD APPROVAL!
PLEASE NOTE THIS IS A COOPERATIVE, THE SHARES ARE LISTED AS THE COMBINED AMOUNT
1) Unit 3A - Rent Controlled (Occupied)
2 Bedrooms, 2 Bathrooms
Maintenance: $2,211.25
Rent: $686.18
Notes: Exceptionally low stabilized rent; long-term upside upon vacancy. Includes private storage.
2) Unit 5F - Free Market (Occupied)
1 Bedroom, 1 Bathroom
Shares: 240
Maintenance: $1,455.00
Rent: $1,950.00
Status: Free Market; consistent rent roll. Includes private storage.
3) Unit 5H - Rent Controlled (Occupied)
3 Bedrooms, 2 Bathrooms
Shares: 460
Maintenance: $2,587.50
Rent: $2,357.40
Status: Rent Controlled; tenant pays via check. Long-term upside. Includes private storage.
4) Unit 6E - Free Market
1 Bedroom, 1 Bathroom
Shares: 265
Maintenance: $1,489.38
Rent: Market rent potential approx. $2,350+
Status: Free Market & Vacant-ideal for renovation and premium leasing.
KEY INVESTMENT HIGHLIGHTS
*Bundle-Only Sale: All four units conveyed together by the Estate.
*Strong Mix: Rent-controlled + free-market units providing both stability and upside.
*Vacant Unit Included: Immediate opportunity to renovate, reposition, and capture market rent.
*Prime Location: Forest Hills Gardens-exclusive, private, landmarked community known for long-term tenant retention.
*Co-op with Storage Rooms: Each unit includes additional storage space.
*Excellent Transportation: LIRR at Station Square; E/F subway minutes away.
*Pre-War Charm: Elevator building with original architectural details and well-maintained common areas.
PLEASE NOTE THIS IS A COOPERATIVE, THE SHARES ARE LISTED AS THE COMBINED AMOUNT
1) Unit 3A - Rent Controlled (Occupied)
2 Bedrooms, 2 Bathrooms
Maintenance: $2,211.25
Rent: $686.18
Notes: Exceptionally low stabilized rent; long-term upside upon vacancy. Includes private storage.
2) Unit 5F - Free Market (Occupied)
1 Bedroom, 1 Bathroom
Shares: 240
Maintenance: $1,455.00
Rent: $1,950.00
Status: Free Market; consistent rent roll. Includes private storage.
3) Unit 5H - Rent Controlled (Occupied)
3 Bedrooms, 2 Bathrooms
Shares: 460
Maintenance: $2,587.50
Rent: $2,357.40
Status: Rent Controlled; tenant pays via check. Long-term upside. Includes private storage.
4) Unit 6E - Free Market
1 Bedroom, 1 Bathroom
Shares: 265
Maintenance: $1,489.38
Rent: Market rent potential approx. $2,350+
Status: Free Market & Vacant-ideal for renovation and premium leasing.
KEY INVESTMENT HIGHLIGHTS
*Bundle-Only Sale: All four units conveyed together by the Estate.
*Strong Mix: Rent-controlled + free-market units providing both stability and upside.
*Vacant Unit Included: Immediate opportunity to renovate, reposition, and capture market rent.
*Prime Location: Forest Hills Gardens-exclusive, private, landmarked community known for long-term tenant retention.
*Co-op with Storage Rooms: Each unit includes additional storage space.
*Excellent Transportation: LIRR at Station Square; E/F subway minutes away.
*Pre-War Charm: Elevator building with original architectural details and well-maintained common areas.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,450,000 | Status | Active |
| Price / SF | $1,070 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 1,355 SF |
| Price | $1,450,000 |
| Price / SF | $1,070 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 1,355 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 150 Burns St, 5th Floor - Unit H, Forest Hills, NY 11375 | Flex Condo | 460 SF | 1932 | - |
| 150 Burns St, 3rd Floor - Unit A, Forest Hills, NY 11375 | Flex Condo | 390 SF | 1932 | - |
| 150 Burns St, 6th Floor - Unit E, Forest Hills, NY 11375 | Flex Condo | 265 SF | 1932 | - |
| 150 Burns St, 5th Floor - Unit F, Forest Hills, NY 11375 | Flex Condo | 240 SF | 1932 | - |
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Forest Hills Gardens – 4-Unit Portfolio
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