150 Burns Street

Description

PORTFOLIO COLLECTION - FOUR APARTMENTS INCLUDED (#6E, #5F, #5H, #3A) NO BOARD APPROVAL! *PLEASE NOTE THIS IS A COOPERATIVE, THE SHARES ARE LISTED AS THE COMBINED AMOUNT **ONLY BEING SOLD AS A BUNDLE PACKAGE 1) Unit 6E - Free Market/ Unoccupied. 1 Bedroom, 1 Bathroom Shares: 265 Maintenance: $1493.04 Rent: Market rent potential approx. $2,400. 2) Unit 5F - Free Market (Occupied). 1 Bedroom, 1 Bathrooms Maintenance: $1,352.18 Storage Room: $100 Rent: $1,950 Assessment: $413 Bundle Internet/Cable: $65 Shares: 240 Notes: Free Market; consistent rent roll. Includes private storage. 3) Unit 5H - Rent Controlled (Occupied). 3 Bedroom, 2 Bathrooms Maintenance: $2,357.50 Storage Room: $50 Rent: $2591.69 Assessment: $791.59 Bundle Internet/Cable: $65 Shares: 460 Status: Rent Controlled; tenant pays via check. Long-term upside. Includes private storage. 4) Unit 3A - Rent Controlled (Occupied). 2 Bedrooms, 2 Bathrooms Maintenance: $2,2197.30 Rent: $686.18 Assessment: $671.13 Bundle Internet/Cable: $65 Shares: 390 Notes: Stabilized rent; long-term upside upon vacancy. Includes private storage. KEY INVESTMENT HIGHLIGHTS: *All four units conveyed together by the Estate. *Strong Mix: Rent-controlled + free-market units providing both stability and upside. *Vacant Unit Included: Immediate opportunity to renovate, reposition, and capture market rent. *Prime Location: Forest Hills Gardens-exclusive, private, landmarked community known for long-term tenant retention. *Co-op with Storage Rooms: Each unit includes additional storage space. *Excellent Transportation: LIRR at Station Square; E/F subway minutes away. *Pre-War Charm: Elevator building with original architectural details and well-maintained common areas.