72-14 69th Place is a 3-story rent stabilized investment property built approximately 4,700 SF in the Glendale area of Queens, New York. Comprised of six units total, five are recently updated with newly outfitted kitchens, baths, hardwood floors, plus washer/dryer in units and collect market rate rents for the area.
Currently configured into a collection of recently renovated three-bedroom and four-bedroom (3BR & 4BR) apartments, the building has been updated in 2015 with updated electric, plumbing, as well as roof. Delivered fully occupied with an actualized cap rate of 5.07% OR a net operating income (NOI) of over $116,750/yr.
Glendale is conveniently located just 15-20 mins. from both JFK & La Guardia Airports, and has subway access via the the L train at Wyckoff/Myrtle Ave stop via the Q55 bus or the M line at Fresh Pond Road. 72-14 69th Place is located on the corner of Cooper Ave, which along with Myrtle Avenue comprises the major thoroughfare for restaurants and retail business in the area that reflect this neighborhood's character and charm. Surrounded by favorites like Zum Stammtisch, Edison Place, K&A, Sweet Janes, The Monk, Glendale Bagles, and Russo Bakery, as well as local amenities such as supermarkets, pharmacies, dry cleaners, and major banks like Capitol One & Bank of America. Please inquire for full setup.
Courtesy of: Douglas Elliman 280 Metropolitan
Office Phone: 718.486.4400
Listing Agent: Dain Lee
Updated: 15th July, 2018 8:49 PM.
72-14 69th Pl Long Island, NY