31-50 14th St, Queens, NY 11106
Investment opportunity you won't want to miss: a recently converted 22-unit condo building (11 studios/10 one bedrooms / 1 two bedroom, 18,000SF total) that's 100% occupied, complete with a 421A tax abatement in place until July 2027. This means that you'll benefit from significant property tax savings for years to come, making this a wise investment choice.
This prime location is just a 7-minute walk to the ferry and bus, and a 10-minute walk to the subway, making it a convenient choice for commuters. Plus, it's situated right next to Costco, Socrates Park, and major supermarkets, ensuring that tenants have easy access to all the essentials. Complex offers on-site parking for tenants.
Property Description
All apartments are equipped with washer, dryer, dishwasher and boast high-end finishes, including dark oak flooring, Frigidaire Professional Series stainless steel appliances, Grohe and Kohler fixtures, white quartz countertops, full-height backsplashes, and custom modern cabinetry. In-unit amenities such as washer, dryer, and dishwasher offer maximum convenience, while the building’s pet-friendly policy and dedicated dog playground on the 4th-floor rooftop cater to animal lovers.
maximum convenience, while the building’s pet-friendly policy and dedicated dog playground on the 4th-floor rooftop cater to animal lovers.
With an additional 125 individual condo units available in the complex, you'll have even more opportunities to grow your investment.
Financials are available upon request
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SIGN INUnit Mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| Two Bedroom | 1 | 1,554 | $ 4,200 |
| One Bedroom | 10 | 770 | $ 2,850 |
| Studio | 11 | 555 | $ 2,300 |