536 Throgs Neck Expressway

**Investor Alert! Rare 4-Unit Cash-Flow Opportunity with 2-Family Taxes** Turnkey semi-detached brick **4-unit** property with **4 separate electric meters**, offering strong in-place income and upside potential. Currently configured as: • 2BR / 1.5BA • 2BR / 1.5BA • 1BR / 1BA • Studio / 1BA All units feature **10-foot ceilings**, enhancing light, volume, and rental appeal. **Current rent roll: $7,500/month**, with immediate upside—vacant **1BR can be rented for approx. $1,700/month**, increasing NOI. As currently constituted, property delivers a **7.2% going-in cap rate**. Major investor advantage: **Own a 4-unit building while paying 2-family taxes**. Additional highlights include **1-car garage + driveway parking**, **outdoor jacuzzi**, and **electric heat**. Prime location near **Edgewater Park**, close to public and private schools, with excellent transportation—local and express bus service nearby and **highway access allowing approx. 5-minute drive to Queens, NY**. Ideal for investors seeking **strong cash flow, tax efficiency, and long-term appreciation** in a high-demand rental corridor. A rare find—don’t miss it.