27-05 41st Avenue, Long Island City, NY 11101

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Property Description

36 units condo with 5 retail stores plus 22 parking spaces for sale. River Bridge Tower is a recently built development located in the heart of Long Island City- one of the NYC's most vibrant retail, business and residential districts. It is a noticeably young and fully rented building which provides 5 retail stores, 36 residential units with 22 parking spaces. Residential living consists of one and two-bedrooms (1 or 2 baths) units, where each contains a private balcony with a great city view. Great location for retail business with busy foot traffic. This elevator building offers garage parking, package room and bike room. Laundry on every floor. Super convenient transportation, one block to the Queensboro Plaza subway station (7, N and W), and 2 blocks to the Queens Plaza station (E, M and R). Super convenient commute to Manhattan. Accessible to bus stops, shops, groceries, restaurants and all. 100% occupancy with projected income increase of 10% from rental renewal to make higher cap rate, plus tax abatement. 15 year tax abatement for residential & 25 year tax abatement for commercial. Great investment opportunity. Your turnkey business starts from here.

Additional Information

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Wen Chyi Wu (reneewurealty@gmail.com) from Listing Office: Century Homes Realty Group LLC.

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