MLS® ID: OLRS-1813853
141 05 Cherry Avenue, 5 D
Queens, New York, 11355 $599,000
DEAL FELL THROUGH BACK ON THE MARKET!
Investment opportunity: apartment served with a tenant in place providing a magnificent investment opportunity at an incredible price. Perched on the fifth floor of in an elevator building, this southern facing two bedroom boats two full bathrooms, a washer and dryer in unit and a balcony. Appliances still have the plastic on them and even vents outside. With a 3.7% CAP rate and tax abatement still in place, this is the investment you have been searching for
pictures dont do justice!
Please note that the current asking price has already taken into account a one year rent credit at market rate ($2,000 per month) to the new owner with tenant in place a CAP rate of 3.7%. If the buyer prefers to purchase the unit with a monthly income instead of a rent credit, the asking price is $623,000.