2 BR, 1 Bath in
Northwest Queens
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Description
Astoria is booming! And this 2 BR, five minutes walk from the subway and a bunch of trendy restaurants has just become available after a tenant of 34 years left. The only problem is that it needs a considerable amount of work to be ready to put back on the market.
Because tenants of rent stabilized units typically live there for a long time these apartments tend to need the most renovation work to bring them up to code. As a result, it’s often more economical for the landlord to let an apartment sit empty and off the market after a tenant has left.
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Cost
The legal rent is $844.
Market rate rent is $2,500
The cost of renovation is at least $60,000
See More Examples:
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East Village Studio
Minutes walk to Tompkins Square Park, Union Square and loads of restaurants and bars. But the apartment is not livable in the current condition.
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Northwest Queens 2BR
Astoria is booming! And this 2 BR, five minutes walk from the subway and a bunch of trendy restaurants has just become available after a tenant of 34 years left. The only problem is that it needs some work.
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Central Brooklyn 2 BR
This ground-floor 2 bedroom apartment in Central Brooklyn is minutes aways from Prospect Park, the Brooklyn Museum and several subway lines.
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Northern Manhattan
This two-bedroom in Washington Heights has been vacant for almost two years. The previous tenant lived in the apartment for more than 30 years and never allowed the property owner access to the unit.
