144-45 37th AVE, Flushing, NY 11354
144-45 37th AVE, Flushing, NY 11354
144-45 37th AVE, Flushing, NY 11354
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Randy Reis

Randy Reis

+1(917) 435-4870
$3,718,000
Est. payment /mo
2,800 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1035393

Style Mid Rise

Rental Info No

Year Built 2001

Annual Tax Amount $54,687

Lot Size 2,800 Sqft

Acres 0.0643

Property Sub-Type Multi Family

Source onekey2

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.

Location

State NY

County Queens

Rooms

Basement Finished

Interior

Heating Hot Water, Natural Gas

Cooling Multi Units, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street, Private

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Total Parking Spaces 10

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 32 State Street

Middle Schools Jhs 189 Daniel Carter Beard

High Schools Queens 25

School District Queens 25

Others

Special Listing Condition None

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Skylux Realty Inc • Fei Guo

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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