Property Description

Updated Cap Rate CalculationAnnual Gross Income: $125,741Annual Operating Expenses: $46,487Net Operating Income (NOI): $79,254Asking Price: $1,299,000Cap Rate = NOI à· Purchase Price à? 100$79,254 à· $1,299,000 = 6.10% Cap RateProperty RemarksExceptional investment opportunity in the highly desirable Richmond Hill neighborhood of Queens. This well-maintained six-unit multifamily building offers approximately 4,800 square feet of living space across three stories on a 0.06-acre lot. Built in 1930 and zoned R4A, the property produces an annual gross income of $125,741 and a net operating income of $79,254, resulting in an attractive 6.10% cap rate at the asking price.The building offers stable cash flow with strong upside potential and is ideally positioned in a high-demand rental market. Conveniently located near public transportation, shopping, schools, parks, and major highways, this turnkey asset presents an outstanding opportunity for investors seeking consistent income and long-term appreciation in one of Queens' most established neighborhoods.

Property Features

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