2312 Broadway - Apartments FOR SALE


Astoria, NY 11106- Downtown Astoria
$1,736,000 USD
917-681-2665
2312 Broadway, Astoria, NY for Sale
$1,736,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

2312 Broadway
Astoria, NY 11106
Downtown Astoria


HIGHLIGHTS

  • 2312 Broadway presents a six-unit multifamily apartment building with recent updates made throughout the well-maintained building.
  • Located in the urban core neighborhood of Queens, Astoria is known for it's lively restaurants, vibrant art scenes, and quiet residential realms.
  • The owner will finance the mortgage and there is lots of upside in income potential.
  • The property is zoned C1-4/ R6A emphasizing the area's focus on residential structures and quality housing buildings.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,736,000 USD

PRICE/SF

$427 USD /SF

# OF UNITS

6

PRICE/UNIT

$289,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,611 SF

ZONING

C1-4 / R6A

APN/PARCEL ID

00566-0032

ASK ABOUT THIS PROPERTY

Arthur TriantosHomeSeekersMore Info
917-681-2665

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Arthur TriantosHomeSeekersMore Info
917-681-2665

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