This exceptional 7-unit apartment building gross annual income of $179,064 There are Three vacant units two of them FAIR MARKET, which can potentially be rented for $3,100 each ( Current Market rent for four room two Bedrooms are between $3,300 to $37,00. Third vacant unit legal rent $2,129, Once all… Read More units are leased, the total monthly income will reach $14,922, resulting in a gross annual income of $179,064 With estimated expenses at approximately 30%, the property offers a cap rate of around 6%, presenting a strong investment opportunity. is situated just half a block from vibrant 30th Avenue and only two blocks from the 30th Avenue train station. Located in the heart of Astoria, this prime spot offers convenient access to an array of shopping, dining, and entertainment options. Building Income: The property currently generates $14,922 in monthly rental income, with five units rent-stabilized and two fair market. Four units are currently occupied, averaging $1,672 per unit. Spacious and Renovated Units: Each apartment offers around 925 square feet of living space, featuring two spacious bedrooms, a large living room, a generously sized kitchen, and a full bathroom. Ample closet space is provided in every unit for added convenience. Six of the units have been tastefully renovated with modern upgrades, while the remaining unit is well-maintained and currently occupied. Three of the units are vacant and ready for new tenants, presenting a great opportunity for future owners. Building Features: The building is equipped with a gas boiler and a private water heater, ensuring reliable and efficient utilities. The roof is in excellent condition, providing long-term peace of mind. Don't miss out on this rare opportunity to invest in a prime Astoria location with spacious, well-maintained units and strong rental potential. Read Less
Listing Courtesy of Realty Executives Today, 718-274-2400.
Listing Snapshot
Days Online
8
Last Updated
Property Type
Multi Family
Lot Size
0.07 Acres
Year Built
1924
MLS Number
805362
30 Days Snapshot Of 11102
$900k
0%
(avg) sold price
0
-100%
homes sold
174
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "Gas Water Heater"
Basement
Description: "Full", "Partially Finished"
Building
Building Area: 6468, Construction Materials: "Brick", Year Built: 1924
Cooling
Details: "Wall/Window Unit(s)"
Floors
Flooring: "Carpet", "Hardwood"
Heating
Heating: "Natural Gas", "Baseboard"
Lot
Features: "Near Public Transit", Acres: 3120, Size: 3120
The data relating to real estate for sale on this website comes courtesy of ONEKEY as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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