Plainview real estate for sale in Plainview

95-18 42 Ave, Elmhurst, NY 11373

[Elmhurst Real Estate, listing number 3117214]



Description: 3117214
   Current owner filed for a tax grievance with the city. A yearly tax of $35k is way too high for a 5 family building. A hearing is scheduled for Oct 14th, 2020. Seller is expecting a tax reduction of $10k to $12k based on current rentals. Cap rate of 4.49% will increase to 5.13% with a tax grievance of $10k yearly.

Details:
   Families: 5
   Property Type: Commercial
   Acres: 0.04

Financials:
   Price: $1,449,999