The subject is a 29
unit walk-up apartment building on the west side of 35th Street between 36th and
37th Avenues in Long Island City. The building has fourteen (14) large
one-bedroom apartments, fourteen (14) large two-bedroom apartments, one large
three-bedroom apartment and an apartment in the basement for the Super. All but
one of the units are rent stabilized and there is only one vacancy. The
building’s rent roll is approximately 25% below market value offering upside to
an investor.
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Neighborhoods: Long Island City