Listing ID: 39698

Business Overview

The building is located in the heart of Long Island City.

It consists 36 residential units and 5 commercial spaces plus one parking lot with 22 spaces.

100% occupancy with 3.55% cap rate plus tax abatement.

15 year tax abatement for Residential & 25 year tax abatement for commercial. 

 Most of the tenants are renewing their lease with a 7-10% increase, so the projected cap rate will be higher later this year.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $37,800,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Cooperating Broker of Record

Jason Green

SFR Realty, LLC

New York - 10301222535