150 Burns Street #1D, Forest Hills, NY 11375 (MLS # 986536)

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PRICE $350,000 BEDS 1 BATHS 1 HOME SIZE 575 sqft LOT SIZE n/a Request More Info Schedule a Showing

*Currently, we are unable to show in person as the current tenant moves out, but photos and floorpan show the unit in its current condition.* Residence #1D at 150 Burns Street presents a compelling opportunity to create a custom one-bedroom home in the heart of Forest Hills. Located on the first floor, this approximately 609-square-foot residence offers a well-balanced layout with a separate dining area, spacious living room, and a generously sized bedroom. The apartment is in original condition and ready for a full renovation, providing the next owner with the ability to design and finish the space to their exact specifications. A defined foyer, multiple closets, and a windowed kitchen further enhance the functionality and flexibility of the layout. Currently occupied by a rent-stabilized tenant paying $871.56 per month, the unit offers a unique transition opportunity. The tenant has already purchased another apartment within the building and is awaiting a closing date, at which point they are expected to vacate"”allowing for future delivery as a free-market residence. 150 Burns Street is a well-maintained cooperative offering a live-in superintendent, on-site laundry, storage (as available), and professionally managed common areas. Ideally situated in Forest Hills, the building is moments from neighborhood shopping, dining, and multiple transportation options, including the E/F/M/R subway lines and the LIRR. A rare chance to acquire a value-driven property with clear upside in one of Queens' most established residential neighborhoods. Monthly Carrying Costs * Base maintenance: $1,436.70 * Assessment: $438.81 ends December 2027 * Storage $100.00 * Bunsen Cable/Internet: $65.00 * Total monthly: $2,040.51 Assessment is for improvements including façade and waterproofing project and increased gas charges. Ends December 2027