48-46 46Th StQueens, NY 11377

This exceptional 12-unit apartment building presents a compelling investment opportunity in the vibrant Queens, New York market. Located at 48-46 46th St, zip code 11377, this Class C multifamily property boasts a strong rental income stream, currently fully occupied with rent-stabilized tenants. The building offers a substantial net operating income (NOI) of $143,818, translating to an attractive 4.80% capitalization rate. The asking price is $2,999,999. Each of the twelve units is individually metered for electricity and tenants are responsible for their own cooking gas. This property is situated in Queens County, New York, offering convenient access to local amenities and transportation. The building's rent-stabilized status provides a predictable and stable income stream, minimizing vacancy risk and ensuring long-term financial security. This is an ideal investment for those seeking a proven, cash-flowing asset in a desirable location. The property's strong financial performance and stable tenant base make it a highly attractive proposition for discerning investors. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a thriving New York City borough. The building's location in Queens offers excellent potential for future appreciation. This is a turnkey investment ready for immediate income generation.