Home Details for 112 38ave Ave

Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential. Property Highlights: Legal 8-family building, Solid brick construction, built in 2006 Four stories Approximately 6,424 sq. ft. of building area Approximately 22 × 73 ft. building dimensions Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatement Current total rental income: approximately $235,000 per year • Tenants pay all utilities and expenses • Easy-to-maintain all-brick construction • Approximately five minutes from the subway An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.

• Utilities

  • Natural Gas Available
  • Natural Gas Connected

• Cooling Information

  • Wall/Window Unit(s)

• Heating Information

  • Natural Gas

• Water Features

  • Public

• Parking

  • Parking Lot

• Basement

  • Full