41-40 Parsons Boulevard

This corner property is a 6 story, 49 unit, elevator building. 48 units are rent stabilized. This offering provides a great opportunity to acquire a corner property with below market rents. The building consist of 30 one bedrooms, 12 two bedrooms, 6 studios, 1 non-regulated unit, laundry center and 15 indoor parking lots. There is significant upside to this property as the average rent is $1162/unit, where the current average rent in the area is approximately $1802/unit.