MLS® ID: OLRS-1813853

141 05 Cherry Avenue, 5 D

Queens, New York, 11355

$599,000 Active
  • 2 Beds
  • 2 Baths
  • - SQFT
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 don’t 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.
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Listing courtesy of Compass

Amenities

  • Zip
    11355
  • Office name
    Compass
  • Bedrooms
    2
  • Property type
    Condo
  • Year built
    2008
  • Agent name
    Melanie Kohler
  • Tax amount
    $ 20.0
  • Purchase Type
    Active
  • HOA fees
    $ 194.0
  • Full baths
    2
  • Rent
    No
  • Furnished
    Unfurnished

Location

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