property details
We are now entertaining all offers on this fourteen (14) unit lodge / hotel located in the Elmhurst section of Queens, NY. All units are spread over three (3) floors with each unit containing its own bathroom. A laundry room is located in the basement which is also used for additional storage. Zoned R6B, the property also presents a redevelopment opportunity of 8,000 SF.
Yearly Financials
$330,456 Income
($40,047) Real Estate Taxes
($12,000) Insurance
($8,360) Electric
($7,600) Heat/Hot Water
($8,000) Water/Sewer
($24,000) Misc. Repairs/Maintenance
($100,007) Total Expenses
$230,449, Projected Net Operating Income
DISCLAIMER
All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information herein is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.
