5.78 Cap 2 Family Investment property 100% occupied with Section 8 Tenants under the NYS HCR EHV Program. 1st floor tenants have just renewed 1 year lease in May and 2nd floor tenant renewed a 1 year lease in December. Currently the second floor unit is rented for $2700.00 monthly and the first floor unit is rented for $2, 400.00 monthly. The annual gross income is $61, 200.00 after expenses the NOI is $40, 464.47 representing a 5.78 Cap Rate. The 2nd floor tenant pays 100% of their utilities and 1st floor tenant pays their own electric and Landlord pays on average $250.00 monthly for 1st floor tenants gas. 64 Stewart Avenue is a perfect opportunity for an investor to acquire an income-producing asset.
Bedroom: 4 Full Bath: 2 Other: 4
Lot Size: 0.06 Lot Sq Ft: 2500 Garage: 0.0 Parking Spaces: Yes Parking Facilities: Private, Driveway
Refrigerator: Yes Heat: Natural Gas, Hot Water A/C: None Water: Public Sewer: Public Sewer
Taxes: $6,282 Maintenance: $1,200 Village Taxes: $8,172
School District#: 5 School District: New Hyde Park-Garden City Park Block: 238 Lot: 495
(*) - Required fields
Let us recommend properties and help you find your way home.