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19-28 Linden Street Queens $1,865,000
  • 4,890
    SF
  • 25'
    Frontage
  • $408
    $/SF
  • 6
    Units
  • $12,774
    ANNUAL TAX BILL
19-28 Linden Street
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INVESTMENT HIGHLIGHTS

Invictus Property Advisors is pleased to present our recent sale of 19-28 Linden Street.  The property was a six (6) unit multifamily building which was delivered fully vacant, allowing us to target an investor who will capitalize on substantially rehabilitating the property and realizing free market rents.  The building falls under a sought-out Tax Class 2A designation limiting how much assessed value can rise each year - no more than 8% from the year prior, or 30% over five years. Caps remain in place if building is converted into condominiums.  The property also has a clean DOB and HPD violations record - only 1 active DOB violation, 0 active ECB violations and no class C HPD violations.  The building is a short 6 minute walk to the M subway line on Forest Avenue.

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