Get yourself a structurally sound, solid brick, detached, income producing multifamily
(6 units) in the heart of Astoria, Queens, New York. Everything you need is within
walking distance such as deli’s, restaurants, laundromat’s, places of worship,
supermarkets, and much more!
This location is conveniently off I-278, 30-minute commute to Manhattan,10 minutes to
LaGuardia airport, close walk to subway station, and right across the street from
the M42 bus stop.
The building is in good condition, solid brick and the small lower portion front of the
building has a stucco finish. There are 7 new gas meters. The roof is in good condition.
Two fuel tanks are in the basement one is relatively new.
Apartment information: All apartments are in good condition, have been well
maintained and have one-year leases. There are four two(2) bedroom apartments and
two-two(bedroom) apartments.
All tenants are great and pay the rent in a timely manner with no issues.
The gross annual income is approximately $127,000, after expenses the property nets
about $82,000 a year.