The OWNER will FINANCE the MORTGAGE at fix rate with an $800,000 down payment and a fixed-rate mortgage payment. This premier multifamily investment opportunity of the SIX-unit apartment building at "Prime" location in Astoria, New York, is a solid BRICK building in a prime Astoria location within a seven-minute walk to N-W Broadway Train Stations and even closer to a laundromat, shops on Broadway, fresh produce, restaurants, trendy cafes, night-time entertainment venues, and so much more. The asset has lots of upside potential in rental income and houses Triple AAA tenants. Six spacious and recently renovated one-bedroom apartment units are within the well-maintained building. There is also a huge basement and a gas/ steam boiler. The 4,070-square-foot building spans three stories on 20 x 80 foot lot . C1-4 / R6A zoning
Finances:
Current Gross Income: $124, 894.44
--Total Expenses: $ 37, 565.52 approx. per year
--Net Income: $ 87,328.92 per year
Apt 1F: $ 1,932.00 … Legal rent … $1,932.00
Apt 1R : $ 1,700.00 … Legal rent … $2,507.40
Apt 2F : $ 1,772.34 … Legal rent … $2,614.38
Apt 2R : $ 1,549.53 … Legal rent … $1,893.23
Apt 3F : $ 1,727.00 … Legal rent …$2,064.98
Apt 3R : $1,727.00 … Legal rent ... $2,640.74
Inquire with Arthur today for more information. For a quick response, please call (917) 681-266FIVE; please include the best callback number and email.