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About the Listing CHGL01 - 149028
Exceptional 16-Unit Multifamily Investment Opportunity in Murray Hill, Flushing. Rare opportunity to acquire 144-45 & 144-47 37th Avenue, two adjacent brick buildings offered together as a 16-unit multifamily portfolio. Situated on an approximately 50' x 112' lot with a combined building size of approximately 11,970 SF, the property consists of 8 one-bedroom/one-bath units, 8 two-bedroom/one-bath units, and 10 on-site parking spaces. The property generates approximately $350,000 in annual gross rental income with annual operating expenses of approximately $165,000, resulting in a Net Operating Income (NOI) of approximately $185,000. Each building has separate boilers, electric and gas meters, and tenants pay their own utilities, providing efficient operations and strong cash flow. Ideally located in the highly desirable Murray Hill section of Flushing, just minutes from the Murray Hill LIRR Station and the Flushing–Main Street 7 subway station, with convenient access to Downtown Flushing's shopping, restaurants, supermarkets, banks, and everyday amenities. A rare opportunity to acquire a stabilized, income-producing multifamily asset in one of Queens' strongest rental markets. Ideal for investors seeking stable cash flow, long-term appreciation, portfolio expansion, a potential condominium conversion (subject to approvals), or a 1031 Exchange.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Multi Units,Wall/Window Unit(s)
- Heating: Hot Water,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 10
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street,Private
Financial Details
- Tax Amount: $54,687
- Taxes w/Assessments: N/A
- Tax/Property ID: 05014-0076
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
144-45 37th Ave Flushing, NY 11354
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