Raven Property Advisors has been exclusively retained to sell a package of 79 residential coop units and 24 parking spaces, located at 78-40 164th Street, on the border of Flushing and Kew Gardens Hills, Queens. Consisting of 71 free market apartments, 7 rent stabilized apartments, a commercial space, and 24 parking spaces, the package is all located within the Renee Coop building, a 7-story elevator serviced apartment building. The package has positive cashflow in excess of $530,000 per year, offering a unique opportunity for investors to acquire a large-scale coop package significantly below resale value while also benefiting from positive cashflow. For a complete itemized rent roll, maintenance expenses, offering plans and coop amendments, please contact exclusive brokers.
