Property Details

Overview

Excellent Investment Opportunity or Ideal for End-Users!Current income of $5, 800/month with the owner only responsible for taxes and cold water. Future income potential is even higher. This property boasts a 5.5% Cap Rate, making it one of the best legal two-family homes in its price range.The spacious first-floor apartment offers approximately 1, 250 sq. ft. of living space, including large rooms throughout. It features a living room, formal dining room, huge eat-in kitchen, master bedroom with an en suite bath, two additional bedrooms, and a full bath.The second-floor apartment is impressively large, offering ample space and endless possibilities. The finished basement has high ceilings (around 8’) and a separate exterior entrance via a wide side staircase, with its own heating zone and baseboard heat.Perfect for investors, 1031 exchange buyers, or end-users looking to live in one unit and rent out the other. Conveniently located near bus transportation and just a few blocks from the new Post Avenue LIRR Station—only 41 minutes to Penn Station or Grand Central Station. Walk to diverse shopping, dining, and more.Additional features:Excellent appearanceSeparate hot boilers and domestic water heaters for each unit