223 Rockaway Ave is a multi-family building with three floor-through apartments with high-income potential at a 6.4% projected capitalization rate. One of the three apartments has already rented at $2,500 per month.
The apartments are all free-market and individually metered for gas and electricity and have separate water heaters. Superb renovation throughout including a finished basement with laundry area and a half bath, new electric, plumbing, new roof, central cooling and heating, Pella windows, and soundproof insulation between floors; all three units feature hardwood floors and new stainless steel appliances.
Commuting into Manhattan is a breeze with the C train a few minutes away and a short distance to Broadway Junction, where you can catch the A/L/J/Z trains.