42-10 34th Avenue Long Island City, NY 11101
Contact Exclusive Broker: Rubin S. Isak, President (212) 658-0985 | [email protected] FOR SALE: 33.3 FOOT WIDE, FULLY OCCUPIED, 3-STORY MIXED-USE BUILDING ON 34TH AVENUE
42-10 34th Avenue Long Island City, NY 11101 Block / Lot Lot Size Lot SF Building Size # of Stories Building SF Zoning Building Class Assessment (16/17) RE Taxes (16/17) Year Built Residential Units Commercial Units Gross Income: Net Income:
675/120 33.34’ x 24’ (appx) 800 sq. ft (appx) 33.34’ x 24’ (irr.) 3 2,121 sq. ft. (appx) C1-4/R6B S2 - 2-Fam + Store $27,720 $5,420 1920 (appx.) 2-Units |Total of 1,414 SF 1-Unit | Total of 707 SF $83,064 $69,846
Goldenwood Property Advisors has been retained on an exclusive basis to arrange for the sale of 42-10 34th Avenue in Long Island City, Queens New York. The subject property is a 3-Story, Mixed-use, Store + 2 Apartments, Brick Building, containing a total of approximately 2,121 above grade SF. 42-10 34th Avenue is located on the South side of 34th Avenue between 42nd Street and 43rd Street. This property boasts 33 feet of frontage on 34th Avenue. It is also located 2-blocks to the Steinway/34th Ave E, M & R Trains. The 1st Floor is leased to a Pet Grooming establishment, “The Loving Tail Spa”; they have eight (8) more years remaining on their lease; with 3% annual increases in rent. The 2nd and 3rd floor units are 2br/1bth, floor-thru, FREE MARKET, fully occupied apartments. *Do not disturb tenants* Contact Exclusive Broker, Rubin Isak, to submit an offer. STATUS
LEASE TERM
MONTHLY INCOME
ANNUAL INCOME
The Loving Tail Spa
7/1/15 - 6/30/25
$2,472.00
$29,664.00
2nd Fl | 2br/1bth
LXP 6/1/17 Month-to-Month
$2,200.00
$26,400.00
$2,250.00
$27,000.00
$6,922.00
$83,064.00
60 Day Notice to Vacate
3rd Fl | 2br/1bth
LXP 1/30/18
TOTALS: ECONOMIC SNAPSHOT:
(As of May 2017)
GROSS INCOME: TOTAL EXPENSES:
$83,064.00 $13,218.00
NET OPERATING INCOME:
$69,846.00
LANDLORD EXPENSES Taxes (16/17) Insurance Heat (Oil #2) Electric Water/Sewer
$5,420.00 $1,722.20 $4,000.00 $410.37 $1,665.43
TOTAL EXPENSES
$13,218.00
Available at: $1,450,000 4.8% Cap Rate
Goldenwood Property AdvisorsInc. Goldenwood Property Advisors, th MANHATTAN: 54 W. 40 Street, New York NY 10018 | QUEENS: 35-37 36th36Street, Long Island City, NYNY 11106 th MANHATTAN: 349 Fifth Avenue, 7th FL New York NY 10016| QUEENS: 35-37 Street, Long Island City, 11106 www.Goldenwood.NYC www.Goldenwood.NYC The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Contact Exclusive Broker: Rubin S. Isak, President (212) 658-0985 | [email protected] FOR SALE: 42-10 34TH AVENUE LONG ISLAND CITY NEW YORK 11101
BUILDING + INTERIOR PHOTOS
Goldenwood Property AdvisorsInc. Goldenwood Property Advisors, th MANHATTAN: 54 W. 40 Street, New York NY 10018 | QUEENS: 35-37 36th36Street, Long Island City, NYNY 11106 th MANHATTAN: 349 Fifth Avenue, 7th FL New York NY 10016| QUEENS: 35-37 Street, Long Island City, 11106 www.Goldenwood.NYC www.Goldenwood.NYC The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Contact Exclusive Broker: Rubin S. Isak, President (212) 658-0985 | [email protected] FOR SALE: 42-10 34TH AVENUE LONG ISLAND CITY NEW YORK 11101
DIGITAL TAX MAP & BUILDING OUTLINE MAP
Goldenwood Property AdvisorsInc. Goldenwood Property Advisors, th MANHATTAN: 54 W. 40 Street, New York NY 10018 | QUEENS: 35-37 36th36Street, Long Island City, NYNY 11106 th MANHATTAN: 349 Fifth Avenue, 7th FL New York NY 10016| QUEENS: 35-37 Street, Long Island City, 11106 www.Goldenwood.NYC www.Goldenwood.NYC The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Contact Exclusive Broker: Rubin S. Isak, President (212) 658-0985 | [email protected] FOR SALE: 42-10 34TH AVENUE LONG ISLAND CITY NEW YORK 11101
AREA & NEIHBORHOOD MAPS
Goldenwood Property AdvisorsInc. Goldenwood Property Advisors, th MANHATTAN: 54 W. 40 Street, New York NY 10018 | QUEENS: 35-37 36th36Street, Long Island City, NYNY 11106 th MANHATTAN: 349 Fifth Avenue, 7th FL New York NY 10016| QUEENS: 35-37 Street, Long Island City, 11106 www.Goldenwood.NYC www.Goldenwood.NYC The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
42-10 34th Avenue Long Island City, NY 11101 Block / Lot Lot Size Lot SF Building Size # of Stories Building SF Zoning Building Class Assessment (16/17) RE Taxes (16/17) Year Built Residential Units Commercial Units Gross Income: Net Income:
675/120 33.34’ x 24’ (appx) 800 sq. ft (appx) 33.34’ x 24’ (irr.) 3 2,121 sq. ft. (appx) C1-4/R6B S2 - 2-Fam + Store $27,720 $5,420 1920 (appx.) 2-Units |Total of 1,414 SF 1-Unit | Total of 707 SF $83,064 $69,846
Goldenwood Property Advisors has been retained on an exclusive basis to arrange for the sale of 42-10 34th Avenue in Long Island City, Queens New York. The subject property is a 3-Story, Mixed-use, Store + 2 Apartments, Brick Building, containing a total of approximately 2,121 above grade SF. 42-10 34th Avenue is located on the South side of 34th Avenue between 42nd Street and 43rd Street. This property boasts 33 feet of frontage on 34th Avenue. It is also located 2-blocks to the Steinway/34th Ave E, M & R Trains. The 1st Floor is leased to a Pet Grooming establishment, “The Loving Tail Spa”; they have eight (8) more years remaining on their lease; with 3% annual increases in rent. The 2nd and 3rd floor units are 2br/1bth, floor-thru, FREE MARKET, fully occupied apartments. *Do not disturb tenants* Contact Exclusive Broker, Rubin Isak, to submit an offer. STATUS
LEASE TERM
MONTHLY INCOME
ANNUAL INCOME
The Loving Tail Spa
7/1/15 - 6/30/25
$2,472.00
$29,664.00
2nd Fl | 2br/1bth
LXP 6/1/17 Month-to-Month
$2,200.00
$26,400.00
$2,250.00
$27,000.00
$6,922.00
$83,064.00
60 Day Notice to Vacate
3rd Fl | 2br/1bth
LXP 1/30/18
TOTALS: ECONOMIC SNAPSHOT:
(As of May 2017)
GROSS INCOME: TOTAL EXPENSES:
$83,064.00 $13,218.00
NET OPERATING INCOME:
$69,846.00
LANDLORD EXPENSES Taxes (16/17) Insurance Heat (Oil #2) Electric Water/Sewer
$5,420.00 $1,722.20 $4,000.00 $410.37 $1,665.43
TOTAL EXPENSES
$13,218.00
Available at: $1,450,000 4.8% Cap Rate
Goldenwood Property AdvisorsInc. Goldenwood Property Advisors, th MANHATTAN: 54 W. 40 Street, New York NY 10018 | QUEENS: 35-37 36th36Street, Long Island City, NYNY 11106 th MANHATTAN: 349 Fifth Avenue, 7th FL New York NY 10016| QUEENS: 35-37 Street, Long Island City, 11106 www.Goldenwood.NYC www.Goldenwood.NYC The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Contact Exclusive Broker: Rubin S. Isak, President (212) 658-0985 | [email protected] FOR SALE: 42-10 34TH AVENUE LONG ISLAND CITY NEW YORK 11101
BUILDING + INTERIOR PHOTOS
Goldenwood Property AdvisorsInc. Goldenwood Property Advisors, th MANHATTAN: 54 W. 40 Street, New York NY 10018 | QUEENS: 35-37 36th36Street, Long Island City, NYNY 11106 th MANHATTAN: 349 Fifth Avenue, 7th FL New York NY 10016| QUEENS: 35-37 Street, Long Island City, 11106 www.Goldenwood.NYC www.Goldenwood.NYC The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Contact Exclusive Broker: Rubin S. Isak, President (212) 658-0985 | [email protected] FOR SALE: 42-10 34TH AVENUE LONG ISLAND CITY NEW YORK 11101
DIGITAL TAX MAP & BUILDING OUTLINE MAP
Goldenwood Property AdvisorsInc. Goldenwood Property Advisors, th MANHATTAN: 54 W. 40 Street, New York NY 10018 | QUEENS: 35-37 36th36Street, Long Island City, NYNY 11106 th MANHATTAN: 349 Fifth Avenue, 7th FL New York NY 10016| QUEENS: 35-37 Street, Long Island City, 11106 www.Goldenwood.NYC www.Goldenwood.NYC The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Contact Exclusive Broker: Rubin S. Isak, President (212) 658-0985 | [email protected] FOR SALE: 42-10 34TH AVENUE LONG ISLAND CITY NEW YORK 11101
AREA & NEIHBORHOOD MAPS
Goldenwood Property AdvisorsInc. Goldenwood Property Advisors, th MANHATTAN: 54 W. 40 Street, New York NY 10018 | QUEENS: 35-37 36th36Street, Long Island City, NYNY 11106 th MANHATTAN: 349 Fifth Avenue, 7th FL New York NY 10016| QUEENS: 35-37 Street, Long Island City, 11106 www.Goldenwood.NYC www.Goldenwood.NYC The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
