41-08 111th Street, Flushing, NY, 11368

Property Details: • Type: Single Family Residence • Bedrooms: 10 • Bathrooms: 6 • Square Footage: 4,350 sq ft

Description:

PRE-FORECLOSURE SALE BY LENDER Gelt LLC 139 Fulton Street Suite 300 New York NY 10038 ONLY $995,000.00 BUY THE LENDER POSITION, COMPLETE THE FORECLOSURE, RENOVATE THE 6 UNITS OR CONVERT TO 3 UNITS, TO MEET YOUR SPECIFIC REQUIREMENTS, AND SAVE A SUBSTANTIAL AMOUNT OF MONEY.

6-FAMILY BUILDING PERFECT FOR OWNER-OCCUPANTS OR MULTI-GENERATIONAL FAMILY USE. EASILY CONVERTIBLE INTO A 3-FAMILY HOME OR CUSTOMIZED TO YOUR SPECIFIC NEEDS. WHY RENT WHEN MORTGAGE INTEREST AND DEPRECIATION OFFER SIGNIFICANT TAX BENEFITS? THIS HIGHLY FLEXIBLE PROPERTY ALSO PRESENTS AN EXCELLENT OPPORTUNITY FOR CONVERSION INTO CONDOMINIUM UNITS OR A SPACIOUS SINGLE-FAMILY HOME. THE PROPERTY WILL BE CONDITIONALLY VACANT 3 UNITS CAN BE DELIVERED VACANT AT CLOSING, AND THE REMAINING 3 UNITS WILL BE VACATED WITHIN 3 MONTHS OF THE SALE AGREEMENT. THE ASKING PRICE IS $995,000 NET TO THE LENDER, WHICH BREAKS DOWN TO $166,000 PER UNIT. A 10% DOWN PAYMENT, TOTALING $99,500, IS REQUIRED. THE BROKER COMMISSION IS 4.5%, AMOUNTING TO $44,775. PLEASE NOTE THAT THE ONLINE AUCTION PROCESS MAY REQUIRE SOME ADJUSTMENTS TO THESE FINANCIAL ARRANGEMENTS. WE ARE THE LENDING INSTITUTION FOR THE PROPERTY LOCATED AT 4108-111TH STREET, CORONA, QUEENS, NY. FOR MORE INFORMATION OR TO ARRANGE A VIEWING, PLEASE CONTACT: ALI: 646-389-0508 (MONFRI: 10:30 AM 7:00 PM, SAT: 9:15 AM 3:45 PM) RAZA: 646-801-5150 (MONFRI: 10:30 AM 7:00 PM, SAT: 9:15 AM 3:45 PM) JERRY: 646-345-1869 (11:00 AM 9:00 PM, DAILY) OFFICE 24/7 LINE: 212-292-2704 / 646-221-1358

BUYER WILL BE REQUIRED TO PROVIDE A 10% DOWN PAYMENT OF $178,500. AFTER VIEWING THE PROPERTY, PLEASE CONTACT US AT THE ABOVE NUMBERS OR VIA EMAIL AT: [email protected], [email protected], [email protected], [email protected]

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