ID # | COMP-16436401957865199 |
房資料 | 20房, 20浴, 17670 ft2 室內尺, 室內1642m2平方米, 建築有24公寓, 建築有5層樓 上市時間: 35天 |
建造年份 | 1916年 |
管理費 | $4百1 ($415) |
地稅 | $21萬2 ($212,040) |
公共汽車 | 2 分鐘到 Q19, Q69 |
3 分鐘到 Q100, Q102 | |
7 分鐘到 Q18 | |
9 分鐘到 Q103 | |
地鐵站 | 7 分鐘到 N, W |
火車站 | 2.2 英里到 Woodside 火車站 |
2.5 英里到 Hunterspoint Avenue 火車站 | |
Welcome to this great investment opportunity in the vibrant neighborhood of Astoria. This well maintained 24-unit property is nestled in a great location, offering both convenience and desirability for residents and investors alike. With its net income of $367,468 this property presents a lucrative venture that promises a rewarding return on investment. Current Cap Rate is 5.4%.
Within this building, you will find 9 spacious and recently renovated free market one-bedroom apartments. These units offer the flexibility to set rental rates based on market demand, providing an opportunity for potentially higher rental income. Currently, these apartments are renting below market value, and the new owner can increase rents by $300 or more during lease renewals. As a result, the projected Cap Rate is expected to reach 8% or higher.
The building also features 14 rent-stabilized one-bedroom and 1 two-bedroom apartments, which provide a steady stream of income. Of these, 12 apartments are currently below market rent, but legal regulations allow the landlord to charge market rent on vacancy.
Building size – 38 feet by 93 feet.
Lot size – 38.09 feet by 105 feet.
New boiler.
Investing in this 24-unit property in Astoria offers not only a substantial income stream but also the potential for long-term value appreciation.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2023 The Real Estate Board of New York, Inc., All rights reserved.