37-57 85th Street

The subject property gives an investor the opportunity to own an immaculately kept 18-unit building in the heart of Jackson Heights. There are 9 one-bedroom and 9 two-bedroom apartments all of which are very spacious. Most leases expire on or before 10/30/2008. Rents range from $632 to $1600 with room for a rental increase in the lower priced apartments. Apartments are gut renovated when they become vacant. There is a 9-space parking lot located in the rear where each spot rents for $150 a month. The boiler, hot water heater, and roof are all in great condition.