6 Family Brick building with Plenty of Upside Potential in Prime LIC/Hunters Point Location. Rent Stabilized Building. Each Apt Has 2 Br Railroad Style. All tenants have leases until 5/31/20. Total Income $92,000 Taxes $10,000 Insurance $4,000 Water $7,000 Elect $1,000 Fuel (Oil) $8,000 Total Expenses $30,000 NOI $62,000 Cap Rate 3.4%. The building is close to great restaurants, parks, and PS1 MoMA, 7 Train and Ferry service are a few blocks away in waterfront Gantry State Park.
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