Rare opportunity to acquire a 4-family rent-stabilized corner property in the heart of East Elmhurst. The building consists of four apartments that have been registered with DHCR and features a desirable unit mix of one 2-bedroom apartment, two 1-bedroom apartments, and a legal 1-bedroom basement apartment. Two units are currently occupied, and two units will be vacant at closing, providing immediate occupancy and future income potential subject to applicable rent stabilization regulations.
Situated on a residential block near shopping, restaurants, schools, public transportation, LaGuardia Airport, major highways, and neighborhood amenities, this property presents a unique opportunity to own a multifamily asset in one of Queens' most sought-after neighborhoods.
Property is being sold as-is. Buyers are encouraged to conduct their own due diligence regarding rent stabilization status, legal rents, and future rental increases.
Property Features
Utilities
Natural Gas Available
Electricity Connected
Natural Gas Connected
Heating Information
Baseboard
Natural Gas
House Interior
Eat-in Kitchen
Entrance Foyer
Parking
Detached
Private
Basement
Finished
Full
Cooling Information
None
Water Features
Public
School Information
School Information for 102-06 27th Avenue, East Elmhurst, NY 11369
Elementary School
Ps 127 Aerospace Science Magnet
Middle School
Is 227 Louis Armstrong
High School
Newcomers High School
Listing Courtesy: Empire Fine Homes - 718-841-7309