104-50 48th Ave

Introducing 104-50 48th Avenue in prime Corona / Flushing Queens. A fully FREE MARKET 5 family this property is a turn key investors dream. One 4BR apartment + Four 2BR + two very large finished studios in the basement. There are two parking spots out front bringing in additional income. The rent roll is $171,960 monthly and the expenses are $34,708 giving this a NOI of $137,252. The Cap Rate at 1.6m is at 8.5%
Both basement units and one apartment will be delivered vacant