Property Description

***6 Family Building for Sale in Astoria - 7% Cap Rate*** Superbly maintained building offering investors an income generating opportunity without upfront renovation costs. Located in a warm and friendly Astoria neighborhood, one block away from 30th Avenue and a 10-minute walk to the train, this multi-family building experiences continuous tenant demand! SET-UP 1st Floor: (2) One-Bedroom Apartments / 2nd Floor: (1) One-Bedroom Apartment, (1) Two- Bedroom Apartment / 3rd Floor: (1) One-Bedroom Apartment, (1) Two- Bedroom Apartment BASEMENT - Full, Partially Finished OUTDOORS - Backyard, side alley _____ CAP RATE: 7% _____ Gross Yearly Income: $134,820.48 Expenses: $36,609 Lot Size: 26 x 90 _____ Bldg Size: 21 x 70 _____ Taxes: $19,373 _____ Zoning: R5 _____ Ready for immediate income generation with easy to rent apartments, this building is in great condition. LOCATION This prime Astoria spot is surrounded by popular dining, shopping, and entertainment options and is in a high demand area for renters. TRANSPORTATION Conveniently located just a 10-minute walk from the R/M subway station and walking distance to the N/W trains, providing quick access to Manhattan in under 20 minutes. With Citibike stations and multiple bus lines nearby, residents enjoy numerous transportation options.

Property Features

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