2414 43rd St - Apartments FOR SALE


Astoria, NY 11103
$1,700,000 USD
917-968-8990
2414 43rd St, Astoria, NY for Sale
$1,700,000 USD
Apartments - FOR SALE
1/24
null | 4.87% Cap Rate

2414 43rd St
Astoria, NY 11103


HIGHLIGHTS

  • High Occupancy rate, High Traffic Area,
  • Next to MTA, No vacancies, Paying tenants
  • Brick building, Income Producing property

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2414 43 street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,116 SF

ZONING

R5

APN/PARCEL ID

00688-0024

ASK ABOUT THIS PROPERTY

Christos LolisEast Coast New York Inc.More Info
917-968-8990

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Christos LolisEast Coast New York Inc.More Info
917-968-8990

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