Rare opportunity to acquire a 4-family rent-stabilized corner property in the heart of East Elmhurst. The building consists of four apartments that have been registered with DHCR and features a desirable unit mix of one 2-bedroom apartment, two 1-bedroom apartments, and a legal 1-bedroom basement apartment. Two units are currently occupied, and two units will be vacant at closing, providing immediate occupancy and future income potential subject to applicable rent stabilization regulations.
Situated on a residential block near shopping, restaurants, schools, public transportation, LaGuardia Airport, major highways, and neighborhood amenities, this property presents a unique opportunity to own a multifamily asset in one of Queens' most sought-after neighborhoods.
Property is being sold as-is. Buyers are encouraged to conduct their own due diligence regarding rent stabilization status, legal rents, and future rental increases.