141-05 Cherry Avenue, Unit 5D

$599,000
Price
2
Beds
2
Baths
740 Sq. Ft.
$809 / Sq. Ft.
740
Sq. Ft.
$809
per Sq. Ft.

Description

DEAL FELL THROUGH – BACK ON THE MARKET!


Investment opportunity: apartment served with a tenant in place providing a magnificent investment opportunity at an incredible price. Perched on the fifth floor of in an elevator building, this southern facing two bedroom boats two full bathrooms, a washer and dryer in unit and a balcony. Appliances still have the plastic on them and even vents outside. With a 3.7% CAP rate and tax abatement still in place, this is the investment you have been searching for…
...DEAL FELL THROUGH – BACK ON THE MARKET!



Investment opportunity: apartment served with a tenant in place providing a magnificent investment opportunity at an incredible price. Perched on the fifth floor of in an elevator building, this southern facing two bedroom boats two full bathrooms, a washer and dryer in unit and a balcony. Appliances still have the plastic on them and even vents outside. With a 3.7% CAP rate and tax abatement still in place, this is the investment you have been searching for… pictures don’t do justice!



Please note that the current asking price has already taken into account a one year rent credit at market rate ($2,000 per month) to the new owner with tenant in place – a CAP rate of 3.7%. If the buyer prefers to purchase the unit with a monthly income instead of a rent credit, the asking price is $623,000.

Listing Agent

  1. Melanie Kohler

    Melanie Kohler

    Listing Agent

    Compass

    mkohler@compass.com

    P: 917.741.4007

Amenities

  • Primary Ensuite
  • Open Views
  • Private Patio
  • Hardwood Floors
  • Elevator
  • Washer / Dryer in Unit
  • Laundry in Building
  • Central AC

Location

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LISTING UPDATED: 03/25/2020 09:26 AM

Property Details for 141-05 Cherry Avenue, Unit 5D

StatusExclusive Expired
MLS IDH4918472
Days on Market358
Taxes$21 / month
Common Charges$194 / month
Min. Down Pymt10%
Total Rooms5.0
Compass TypeCondo
MLS TypeCondominium
Year Built2008
CountyQueens County

Building

141-05 Cherry Ave

47 Units10 StoriesBuilt in 2008

Location

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Building Information for 141-05 Cherry Avenue, Unit 5D

Building/Complex141-05 Cherry AveFloor5Stories10Residences47Pet Policy-Year Built2008Building Age-Building Type-

Payment Calculator

$3,893 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,678

Property Taxes

$21

Maintenance/Common Charges

$194

The Payment Calculator is for illustrative purposes only.

Property History for 141-05 Cherry Avenue, Unit 5D

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 141-05 Cherry Avenue, Unit 5D

Taxable ValueLand$11,958Additions$70,695Total$82,653
Home Facts
Total Finished SqFt739 SqFtLot Size0 SqFtYear Built2008ZoningR7BAPN4051861426

Schools near 141-05 Cherry Avenue, Unit 5D

This home is within New York City Geographic District #25.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
P.S. 24 Andrew Jackson
PublicPK to 5

Is 237
Public6 to 8

John Bowne High School
Public9 to 12

The Active Learning Elementary School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.