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101-66 125th St, Richmond Hill, NY 11419

For Sale

$2,625,000

24 beds • 16 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

The subject property is a 11,500-sf building consisting of 16 residential units at 101-66 125th Street in the Richmond Hill neighborhood of Queens. The current owner has owned the property for over 40 years. The building has updated plumbing and electrical, gas boiler with two 100- gallon hot water heaters and new gas meter bars.The property consists of (8) 1 bedrooms and (8) 2 bedrooms. The average rent per unit for a 1 bedroom is $1,510 and $1,707 for 2 bedroom units. Most of the current rents being charged are preferential rents. A new investor has the opportunity to increase rents to the legal rent amounts registered with DHCR when existing tenants vacate.This well-maintained multifamily building represents a compelling investment opportunity within a well-connected and desirable locale.
MLS# 11289274

Courtesy Of Brix Real Estate Advisors

(914) 300-4444

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other

Map and Directions

Directions to 101-66 125th St, Richmond Hill, NY 11419

Home seller CENTURY 21 Kafcos Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Kafcos Realty

(718) 518-9101
Learn More About Us

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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