This listing is under contract.

3 Family Property in Flushing, NY

42-38 159th St Flushing , NY 11358

42-38 159th St, Flushing , NY, 11358
42-38 159th St, Flushing , NY, 11358 42-38 159th St, Flushing , NY, 11358 42-38 159th St, Flushing , NY, 11358
UNDER CONTRACT FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,800,000
Cap Rate:
0.00%
Last Verified:
Feb 14, 2024
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• 3 Family Property in Prime Flushing Area • 7 Bedrooms, 4 Bathrooms • All Utilities are Separately Metered - Fully Paid by Tenants • High-Income Producing Property • Low Taxes • Fully Renovated in 2018

Map of 42-38 159th St, Flushing , NY, 11358

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.