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Property Description

TURN- INVESTOR’S DREAM – LEGAL 4-FAMILY BEACH BLOCK HOME! A rare and lucrative opportunity to own a fully renovated, income-generating 4-family property just steps from the beach! This multi-family home is completely turn-key and ready for occupancy, making it an ideal investment with a high 7.1% cap rate. All the work has been done including new mechanicals comprised of 2 HVAC systems, ductless mini splits, blown in insulation, all new electric and plumbing, beautiful new kitchens and renovated bathrooms, hardwood and tile flooring. Apartments are a 3 bedroom, 2 bedroom, 1 bedroom and a studio with tenants paying their own electric and gas heating. Parking for 4 cars. The basement is massive and features new egress windows, offering potential for additional living or rental space under the City of Yes initiative. This property is guaranteed to produce income with 4 leases, three of which are pending and one long term tenant secured. Located steps from the sandy beach, boardwalk, shops, and transportation, ensuring strong rental demand year-round.

Features
Heating System:
Heat Pump, Electric, Natural Gas, Forced Air, Ducts, Hot Air
Cooling System:
Central Air, Ductless
Basement:
Full, Walk-out Access
View:
Water
Patio:
Terrace
Interior Features:
First Floor Bedroom
Lot Features:
Near Public Transit, Near School, Near Shops, City Lot
Parking Features:
Private
Sewer:
Public Sewer
Utilities:
Trash Collection Public, Natural Gas Connected, Electricity Connected, Water Connected, Sewer Connected
Address Map
City:
NY
State:
NY
County:
Queens
Directions:
Rockaway Beach Blvd to Beach 119 St
Property and Construction
Development Status:
Brick, Blown-in Insulation
Elementary School:
Waterside Children'S Studio School
High School:
Scholars' Academy
Agent MlsId:
153723
Office MlsId:
RKW01
MiddleOrJunior School:
Scholars' Academy
Number Of Units:
4
Special Listing Conditions:
No
Tax Annual Amount:
$12,032
Water Source:
Public
PhotosCount:
29

Residential Income For Sale

157 Beach 119 Street, New York, NY

6 Bedrooms
4 Bathrooms
$1,399,000
Listing ID #840846
Basic Details
Property Type :
Residential Income
Property SubType :
Quadruplex
Listing ID :
840846
Price :
$1,399,000
Bedrooms :
6
Bathrooms :
4
Bathrooms Total :
4
Building Area :
2,576 Sqft
Year Built :
1929
Status :
Active
Status :
Active
Listing Office :
ROCKAWAY PROPERTIES
Listing Agent :
Barbara Ferguson
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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