20-14 29th St - Apartments FOR SALE


Astoria, NY 11105
$2,200,000 USD
917-270-8080
20-14 29th St, Astoria, NY for Sale
$2,200,000 USD
Apartments - FOR SALE
1/16
null | 6.21% Cap Rate

20-14 29th St
Astoria, NY 11105


OVERVIEW

6 family building with operating bar on first floor. Bar is 1200 square feet with lease to expire July 2025. No rent controlled apartments. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. Cap Rate 6.2%

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

6

PRICE/UNIT

$366,667

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R5B

APN/PARCEL ID

00849-0032

ASK ABOUT THIS PROPERTY

Joseph FeroneWeichert Realtors Tmt GroupMore Info
917-270-8080

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Joseph FeroneWeichert Realtors Tmt GroupMore Info
917-270-8080

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.