3745 75th Street

Description

Legal 4 family plus legal doctors office in the basement. Solid brick building of 20x60 size, built in 1988. Please note, total 5 levels, 4 floors plus full basement. The 4 above ground floors have each one 3br and 2bth apartment PLUS then there is a full basement with a legal doctors office. All 4 apartment are large 3 bedrooms and 2 full bathrooms, of about 1100 sq ft and rented at market rent and the doctors office is about 1000 sq ft. Free market rent, no stabilization. The doctors office is in great condition currently rented for $4750 and it will be becoming vacant at the end of July 2025. Doctor office will be listed for rent briefly but if the buyer is a medical professional it can be delivered vacant. Great investment property in top location in Jackson Heights, within one block to 74th St/ Roosevelt Subway Station (7, E, F, M, R) and the bus hub, with a free shuttle to La Guardia Airport. Young, unregulated building presenting an opportunity for a solid investment or to build generational wealth with no strings attached. Although the building has no driveway, there is a parking lot for rent right across the street (inquire separately for terms) and most neighbors commute by train, due to the close proximity of the station. Income and Expenses available upon request. Current net income is $122245 . Please note, the photos of the residential portion where taken 3 years ago when one of the apartments was renovated. NOTE: Real Estate Taxes are being appealed regularly and the seller is getting a refund check yearly. Details available upon request.