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Prime Multi-Family Buildings for Sale in Flushing REDUCED PRICE $14,200,000

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Prime Multi-Family Buildings for Sale in Flushing REDUCED PRICE $14,200,000 Prime Multi-Family Buildings for Sale in Flushing REDUCED PRICE $14,200,000 35-86 164th Street 35-91 163rd Street 163-07 Crocheron Avenue 163-09 Crocheron Avenue BUILDING FEATURES , 52 RESIDENTIAL APARTMENTS • 32 ONE-BEDROOMS • 16 TWO-BEDROOMS • 4 THREE-BEDROOMS , TREMENDOUS UPSIDE DUE TO MAJORITY OF PREFERENTIAL RENTS - SEE FINANCIALS PAGE , UPGRADED BOILERS - 8 YEARS AGO - TWO BOILERS FOR EACH BUILDING , UPGRADED HOT WATER HEATERS - 8 YEARS AGO , CHANGED HEATING SYSTEM FROM STEAM TO HOT WATER , ALL NEW RADIATORS & THERMOSTATS - EACH APARTMENT CONTROLS THEIR OWN THERMOSTAT , UPGRADED KITCHENS AND BATHROOMS , TURNKEY CONDITION , ONE BLOCK FROM LIRR - PORT WASHINGTON LINE AT BROADWAY STATION PROPERTY OVERVIEW ADDRESSES 35-86 164th Street 35-91 163rd Street 163-07 Crocheron Avenue 163-09 Crocheron Avenue CITY, STATE, ZIP Flushing, NY, 11358 BLOCK/LOT 5283/1 LOT DIMENSIONS 211' x 100' LOT SIZE 21,170 SF BUILDING CLASS Over Six Families without Stores (C1) BUILDING DIMENSIONS 31' x 74' (each) 163RD ST 164TH ST STORIES 4 BUILDINGS ON LOT: 4 TOTAL BUILDING SIZE: 36,260 SF (combined approx.) 5283 ZONING R5B 1 FAR AS BUILT 1.71 MAX FAR 2.00 ASSESSED VALUE $2,018,250 RE TAXES $185,000 CROCHERON AVE FINANCIALS (1/3) - TREMENDOUS UPSIDE DUE TO MAJORITY OF PREFERENTIAL RENTS REVENUE 35-86 164TH STREET 35-91 163RD STREET LEGAL LEGAL PREFERENTIAL PREFERENTIAL LEGAL LEGAL PREFERENTIAL PREFERENTIAL UNIT SIZE LXP MONTHLY ANNUAL MONTHLY ANNUAL UNIT SIZE LXP MONTHLY ANNUAL MONTHLY ANNUAL RENT RENT RENT RENT RENT RENT RENT RENT BSMT 3 BR 11/30/21 $2,238.50 $26,862.00 $1,928.50 $23,142.00 BSMT 3 BR 6/30/21 $2,566.64 $30,799.68 $1,950.00 $23,400.00 1A 2 BR 7/31/21 $2,199.62 $26,395.44 $1,845.00 $22,140.00 1A 2 BR 5/31/21 $2,417.78 $29,013.36 $1,700.00 $20,400.00 1B 1 BR 6/30/21 $1,924.88 $23,098.56 $1,537.50 $18,450.00 1B 1 BR 1/31/21 $1,308.26 $15,699.12 $1,295.71 $15,548.52 1C 1 BR 1/31/21 $1,210.11 $14,521.32 $1,198.13 $14,377.56 1C 1 BR 12/30/20 $2,273.82 $27,285.84 $1,750.00 $21,000.00 2A 2 BR 4/30/21 $1,604.68 $19,256.16 $1,588.80 $19,065.60 2A 2 BR 12/31/21 $2,674.07 $32,088.84 $1,870.62 $22,447.44 2B 1 BR 11/30/20 $2,206.79 $26,481.48 $1,750.00 $21,000.00 2B 1 BR 10/31/22 $1,700.00 $20,400.00 $1,700.00 $20,400.00 2C 1 BR 4/30/21 $1,385.69 $16,628.28 $1,371.98 $16,463.76 2C 1 BR 10/31/21 $2,506.84 $30,082.08 $1,640.00 $19,680.00 3A 2 BR 7/31/21 $2,499.90 $29,998.80 $1,947.50 $23,370.00 3A 2 BR 3/31/21 $2,943.22 $35,318.64 $1,950.00 $23,400.00 3B 1 BR 6/30/21 $1,823.57 $21,882.84 $1,775.00 $21,300.00 3B 1 BR 10/31/22 $3,072.63 $36,871.56 $1,700.00 $20,400.00 3C 1 BR 7/31/21 $2,034.05 $24,408.60 $1,563.12 $18,757.44 3C 1 BR 6/30/22 $2,822.08 $33,864.96 $1,674.75 $20,097.00 4A 2 BR 3/31/21 $2,651.16 $31,813.92 $1,900.00 $22,800.00 4A 2 BR 8/31/22 $1,316.85 $15,802.20 $1,316.85 $15,802.20 4B 1 BR 2/28/22 $1,361.92 $16,343.04 $1,355.24 $16,262.88 4B 1 BR 2/28/22 $2,862.58 $34,350.96 $1,589.00 $19,068.00 4C 1 BR 8/31/22 $1,804.08 $21,648.96 $1,511.87 $18,142.44 4C 1 BR 2/28/22 $2,415.42 $28,985.04 $1,768.00 $21,216.00 TOTAL: $24,944.95 $299,339.40 $21,272.64 $255,271.68 TOTAL: $30,880.19 $370,562.28 $21,904.93 $262,859.16 FINANCIALS (2/3) REVENUE 163-07 CROCHERON AVENUE 163-09 CROCHERON AVENUE LEGAL LEGAL PREFERENTIAL PREFERENTIAL LEGAL LEGAL PREFERENTIAL PREFERENTIAL UNIT SIZE LXP MONTHLY ANNUAL MONTHLY ANNUAL UNIT SIZE LXP MONTHLY ANNUAL MONTHLY ANNUAL RENT RENT RENT RENT RENT RENT RENT RENT BSMT 3 BR 3/31/22 $2,314.35 $27,772.20 $1,998.75 $23,985.00 BSMT 3 BR 5/31/22 $2,626.95 $31,523.40 $1,793.75 $21,525.00 1A* 2 BR 1/31/22 $2,599.08 $31,188.96 $0.00 $0.00 1A 2 BR 2/28/22 $2,499.54 $29,994.48 $1,947.50 $23,370.00 1B 1 BR 4/30/21 $2,807.54 $33,690.48 $1,674.75 $20,097.00 1B 1 BR 5/31/21 $1,335.50 $16,026.00 $1,335.50 $16,026.00 1C* 1 BR 9/30/21 $1,869.44 $22,433.28 $0.00 $0.00 1C* 1 BR 12/31/21 $1,293.37 $15,520.44 $1,293.37 $15,520.44 2A 2 BR 6/30/22 $3,179.52 $38,154.24 $1,845.00 $22,140.00 2A 2 BR 12/31/20 $2,575.62 $30,907.44 $1,900.00 $22,800.00 2B 1 BR 2/28/21 $2,942.55 $35,310.60 $1,500.00 $18,000.00 2B 1 BR 10/31/21 $3,022.66 $36,271.92 $1,640.00 $19,680.00 2C 1 BR 3/31/21 $1,896.91 $22,762.92 $1,760.00 $21,120.00 2C 1 BR 9/30/21 $4,028.55 $48,342.60 $1,460.62 $17,527.44 3A 2 BR 5/31/21 $1,893.65 $22,723.80 $1,890.00 $22,680.00 3A 2 BR 12/31/21 $2,496.25 $29,955.00 $1,922.00 $23,064.00 3B 1 BR 3/31/21 $4,188.20 $50,258.40 $1,750.00 $21,000.00 3B 1 BR 4/30/22 $2,499.72 $29,996.64 $1,640.00 $19,680.00 3C 1 BR 2/28/21 $2,378.02 $28,536.24 $1,750.00 $21,000.00 3C 1 BR 3/31/22 $2,882.08 $34,584.96 $1,750.00 $21,000.00 4A 2 BR 3/31/21 $1,271.20 $15,254.40 $1,258.62 $15,103.44 4A 2 BR 8/31/22 $2,860.80 $34,329.60 $1,973.12 $23,677.44 4B 1 BR 7/31/22 $3,187.05 $38,244.60 $1,537.50 $18,450.00 4B 1 BR 2/28/22 $2,512.08 $30,144.96 $1,588.75 $19,065.00 4C 1 BR 1/31/22 $3,075.00 $36,900.00 $1,640.00 $19,680.00 4C 1 BR 9/30/21 $1,799.66 $21,595.92 $1,640.00 $19,680.00 TOTAL: $33,602.51 $403,230.12 $18,604.62 $223,255.44 TOTAL: $32,432.78 $389,193.36 $21,884.61 $262,615.32 *Super/Porter *Rent Controlled FINANCIALS (3/3) W 110th S Bronx Kill Bronx Whitestone Br Port Morris North Kings Point Plandome Heights t 7th Ave Brother 278 T Long Island Sound Great Neck Park Ave h Island r 149th P Lenox Ave o Grist Mill Pond 149th S g E 116th S 1 48th S s County Park l W 147th COMBINED REVENUE NET OPERATING INCOME N Plandom t t t e P South l c East Garden City 1st Ave g k roadway Francis Lewis Park Harlem Brother 150th B Saddle Rock r t M e E Shore g Meer alba D S Central Park Thomas Island Whitestone Exp4th Av GROSS MONTHLY INCOME $83,666.80 e e t W 97th St r 5th Av 6th Av 161st S $1,004,001.60 GROSS REVENUE:r e 7th Av 9th Ave S e Randalls Hermon A Macneil 10th Ave R e h FDR D 9th Av d Park t Fort Totten 7 8th Ave 9th Ave Saddle Rock Estates 5th Ave Lax Av 2 y t 1t W 96th S Island Park E a s t R i v e r Park 11th Ave S Kensington h E 106th S Beechhurst t 295 Military 12th Ave 6 e 5th Ave North Dr 9th Ave 6 GROSS ANNUAL INCOME $1,004,001.60 117th S Boulevard 1 6th Ave 12th Av e ($379,535.28) t t LESSs EXPENSES: 7th Ave Center Dr 10th Av 12th Rd Reservation Harbor Hills t t t S t S t Cre S Rikers Island S n 13th Ave h i h Malba h t t h t o 97th St t 4 6 8 d 0 P R 2 2 South Dr Thomaston 2 3 East Atlantic Beach t 1 1t 1 12th Rd 14th 1t t 1 1 e Triborough Brg t 1 t S 1 Malba D t S S 9 14th Av S 146 8 t e 145th t t S d 143 S t h h 209th S t r h t h 11th Av S t h 147th S h Bayview Av t Harlem River 3 5 7 146th Pl 14th Ave t S th St h h S 9 S 2 5t t 9th 1 2 t Park Ave 2 rd P 2 S t 1 t 1 1 6 1t 1 137 P Whitestone 154th St 15 1 15 6 r 5 d NET OPERATING INCOME: S $624,466.32 135 r Great Neck Plaza 36th S l t l 157 158th S t l 1 h 1 d Bell Blv 3 t S 144th Pl t 212th S 1 th S n 6 S 216th S t t 5 2 1 h S C s t t e 6 1 h l intonville S t 14th Av 1 t 141st COMBINED EXPENSES (ESTIMATED) 3 1 143rd S 15th Rd S t Cross Island Pk 140th S 1 1 2nd Ave 133rd P 138th S 42nd St t e t Jacqueline Kennedy 39th S hSt e y d t Consolidated Edison Power Plant 15th Av 15th Dr 150t E 96th St St Middle Neck Rd Onassis Resv'r t k 14th Ave Frank Goldenh e 215t t 15th D t Great Neck Estates 16th Rd h t t t 16th Ave r 208th P P Locke Ave 208th S Av t h S Cross Island Pk 18th S Memorial Park 17th Av l Utopia Pky 16th S e h 16th Av t 85th S Wards Island Park t t e e 200 19th S 15th Av 0 Little Neck Bay 17th R 6 16th R t l t g d 1t d 21 20th S TOTAL ANNUAL th S Randalls-Wards Island George U Harvey 17th Rd 17th Av 21st Dr st Rd 21st St t Steinway Cree e Clearview 212t College Point 18th Av t 23rd Rd Triborough Brg e 201s e h FDR Dr 23rd S Memorial Playground 211th St 18th Ave t 17th Rd Park 18th Av S REDUCED PRICE S t 19th Ave t S t h 20th Ave t Clearview Exp Rikers Island Br 6 t Golf Course 678 19thAv 6 e e 26th S 20th Rd e 1 v y Central Park Mill Rock 22nd Rd 20th Ave 20th Ave d l Russell Gardens t 21st Ave 20th Rd 23rd Av 24th A t t Clintonv t t 20th Ave Bay Terrace Island 22nd D t S d S 26th Ave S 2nd Ave S S S $185,000.00 h t h t t t d 21st Ave h h REAL ESTATE TAXES t s r t t 79th St Shore Blv 23rd Ave 9 20th Rd Shopping 9 1 ille 3 22nd Ave S r Steinway P 5 8 2 e d Ditmars Blvd 1 2 E 85th S 2 2 2 1 S 21st Av 1 1 1 23rd Rd 27th S 1t 1 Steinway S t Shore R t t Lee Center e t 41st St t t 22nd Av 1st Ave t t S 2 S S 23rd Ave e 21st R Grosvenor St 23rd Dr S d 27th Av d t S 07t S 206th d Astoria t h d 5th Ave h 205 h t r t h 21 214th P 23rd Te 42nd S t h Beverly R t 6 t 3 23rd Av 28th R 43rd S 0 h 4 24th Av e 8 2 0 4 e S 2 0th Pl 2 204th S e th S y 2 1t 3 Crescent S 1 1 22nd Av Northern Blv Manhattan 24th Av 31st S 1t S t Manor Rd 1 E 84th St Park t 1 r 24th Av 23rd Ave 216t North Sho e t 213t e t 24th R S $14,200,000 t 24th R 45th St 212th S l d 211th t 215t Carl Schurz t 25th Ave e h S Russell Gardens t 32nd 25th Rd t Lak University h St 215th St t $5,037.59 Bayside Bell Blv t d ELECTRIC 25th Rd 24th Av e 2 Fresh Meadow d 2nd S e 1 h t 24th S 24th Rd D Park t d t 3rd S 0th S S 25th Dr 28th Ave d P Arleigh R d evill Hospita La Guardia Airport t E 79th S t t 36th S v 26th Av t y 14th S l l Park Av 4th S 23rd Ave Memorial 25th Ave t t 24th R 2 n t 25th R t e th R Country Club i 141st S Utopia Pk 09th P 37th S B Park L 1st S 14th Pl Av t 214th S 9 26th St n t e t Oak Ln Sand Hill R 3 University Gardens e Rd 9th S t 33rd S 26th Ave 25th Ave 27th S d d d 38th S s Field 26th Ave 25th Dr u 26th Ave Hoyt Ave 27th S 23rd Rd d John Golden Ridge R t n 2nd Ave 12th S t 27th Ave 27th Ave 35th S 19th Av 28th Av m 28th S o l Morgan S t 27th Ave 26th Ave d t s m Steinway St e 208th t Park 26th Rd 41st St Bowery
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