7120 Central Ave, Glendale, NY 11385
5 Unit Apartment Building | $1,395,000 ($279,000/Unit) | Glendale, NY 11385
For Sale
Active
Asking Price $1,395,000
- Property Type
-
Multifamily
- Square Feet
- 3,360 SF
Listing Contacts
Salvatore Crifasi
Sal Joseph Crifasi
Property Overview
Welcome to your next investment opportunity in Glendale, NY! This well-maintained corner brick building boasts a prime location and lucrative potential. Comprising five residential units along with a convenient 2-car garage, this property offers both versatility and convenience. Currently, apartment 1R stands vacant, presenting an immediate opportunity for occupancy or customization. With a potential net annual income of $103,200 upon rental of 1R, and a net income of $72,610, this investment promises substantial returns. The building features four one-bedroom apartments and one spacious three-bedroom unit, catering to a variety of tenant needs. Heating is provided by oil, ensuring comfort throughout the seasons. Located in proximity to Atlas Mall and just a stone's throw away from the express bus on 73rd and Myrtle, commuting into Manhattan is a breeze. Whether tenants seek urban amenities or suburban tranquility, this property offers the best of both worlds. Don't miss out on this exceptional opportunity to add a lucrative asset to your portfolio.
Property Details
- Class
- C
- Year Built
- 1931
- Stories
- 3
- Lot Size (sq. ft)
- 2,178 SF
- Units
- 5
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