144-45 37th Avenue, Flushing, NY 11354
- $3,718,000
- List Price
- $3,718,000
- Days on Market
- 2
- MLS#
- 1035393
- Number Of Families
- 16
- Status
- ACTIVE
- Lot Size
- 5600
Property Description
Exceptional 16-Unit Multifamily Investment Opportunity in Murray Hill, Flushing. Rare opportunity to acquire 144-45 & 144-47 37th Avenue, two adjacent brick buildings offered together as a 16-unit multifamily portfolio. Situated on an approximately 50' x 112' lot with a combined building size of approximately 11,970 SF, the property consists of 8 one-bedroom/one-bath units, 8 two-bedroom/one-bath units, and 10 on-site parking spaces. The property generates approximately $350,000 in annual gross rental income with annual operating expenses of approximately $165,000, resulting in a Net Operating Income (NOI) of approximately $185,000. Each building has separate boilers, electric and gas meters, and tenants pay their own utilities, providing efficient operations and strong cash flow. Ideally located in the highly desirable Murray Hill section of Flushing, just minutes from the Murray Hill LIRR Station and the Flushing–Main Street 7 subway station, with convenient access to Downtown Flushing's shopping, restaurants, supermarkets, banks, and everyday amenities. A rare opportunity to acquire a stabilized, income-producing multifamily asset in one of Queens' strongest rental markets. Ideal for investors seeking stable cash flow, long-term appreciation, portfolio expansion, a potential condominium conversion (subject to approvals), or a 1031 Exchange.
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Additional Information
- Year Built
- 2001
- Style
- Mid Rise
- School District
- Queens 25
- Elementary School
- Ps 32 State Street
- Middle School
- Jhs 189 Daniel Carter Beard
- High School
- Flushing High School
- Total Taxes
- 54687
- Heating
- Hot Water, Natural Gas
- Parking
- Off Street, Private
- Parking Spaces
- 10
- Basement
- Finished
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $54,687
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Listing courtesy of Listing Agent: Fei Guo (fei@skyluxny.com) from Listing Office: Skylux Realty Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.