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6 Family Building in Prime Location 11914 Hillside Ave

6 Unit Apartment Building $2,062,709 CAD ($343,785 CAD/Unit) 7% Cap Rate Richmond Hill, NY 11418

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INVESTMENT HIGHLIGHTS

Great location on busy corner

EXECUTIVE SUMMARY

The subject property is a 3 Stories, 3,300 Sq.Ft. 6 Family, brick building located in prime location on Hillside Ave, Off Lefferts Blvd. The building includes (6) One Bedroom Apartments. All aprtments are rented, they have high ceilings, and are in good condition. The boiler is 4 years old and the water heater is 2 years old. All apartments pay for their own electric and cooking gas. The roof is in good condition. The building is located off Lefferts Blvd and is close distance to Subway J & Z Subway Train on the corner of 123 St and Jamaica Ave. There is the Leffers Shopping Center on the corner and it is close to many stores and restaurants and banks. 30 minutes to JFK..
Income producing, in great location.

PROPERTY FACTS

Price	$2,062,709 CAD	Building Class	C
Price Per Unit	$343,785 CAD	Lot Size	0.04 AC
Sale Type	Investment	Building Size	3,300 SF
Cap Rate	7%	Average Occupancy	100%
No. Units	6	No. Stories	3
Property Type	Multifamily	Year Built	1931
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid Rise

Price	$2,062,709 CAD
Price Per Unit	$343,785 CAD
Sale Type	Investment
Cap Rate	7%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.04 AC
Building Size	3,300 SF
Average Occupancy	100%
No. Stories	3
Year Built	1931
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.