Courtesy of: Angelo Pappalardo, CENTURY 21 PAPP REALTY, Angelo.Pappalardo@hotmail.com
Courtesy of: Angelo Pappalardo, CENTURY 21 PAPP REALTY, Angelo.Pappalardo@hotmail.com
$1,999,900
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4.00 Bath (4 Full)
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Lot: 0.12 Acres
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Other
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$1,999,900
1368 Clove Rd : Attention investors! Pick up this 6 unit mixed use building at just under a 5% CAP rate! Basement is being utilized as office suites (legal as per NYC dept of buildings). First level was formerly comprised of 2 residential apartments (1- 1 bedroom unit and 1-2 bedrooms unit), which has been reconfigured as medical office space. Second level is comprised of 1 residential 2 bedroom unit potentially being used as office space and 1 residential 1 bedroom unit. Sellers have preliminary approval to convert 1st floor to community facility for medical office use. 3 of 6 units currently leased with 2% increases built in, Potential gross annual income is $156, 000. Gross annual expenses $42, 000. NOI is potentially $114, 000. Located minutes from restaurants, express and local buses and shopping.
Courtesy of: Angelo Pappalardo, CENTURY 21 PAPP REALTY, Angelo.Pappalardo@hotmail.com
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