Buy with Yoreevo
$1,274,000
List Price: $1,300,000
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1943 Gleason Avenue
House in Castle Hill •  building info
studio • 4,320ft² $301 per ft²
Buy with Yoreevo

$1,274,000

List Price

$1,300,000

Key Details
Days on market
80
Last price change
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Estimated payment
$8,670
Taxes
$1,275
Monthly maintenance
N/A
Description
Very well maintained 6 unit building in the Parkchester section would make a great add to your rental portfolio. All units have been gut renovated within the last 5 years. Rents are below market value ( based on the city program rent schedule for 2024) providing tremendous upside, making this a great value add opportunity, without the need for capital expenditures towards upgrades and repairs. The building consists of four 1 bedroom, and two 2 bedroom apts. Currently being offered at a 6% cap rate. 1945 Gleason is also for sale.

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Building Amenities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,300,000
Asking Price: $1,300,000
Term
30 Years
Down Payment
$130,000 (10%)
Min: 10% (130,000)
Rate
6.5 %
Mortgage Amount
$1,170,000
Mortgage Payment
$7,395
Taxes
$1,275
Estimated Yoreevo rebate
$26,000
Estimated closing cost
$47,000
Total monthly cost $8,670
Buy your dream home with us and get an estimated $26,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Keller Williams Realty NYC Grp

Information ©2024, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.