3074-3076 30th St - Apartments FOR SALE


Astoria, NY 11102- Downtown Astoria
$4,195,000 USD
917-242-7756
3074-3076 30th St, Astoria, NY for Sale
$4,195,000 USD
Apartments - FOR SALE
1/1
null | 4.58% Cap Rate

3074-3076 30th St
Astoria, NY 11102
Downtown Astoria


HIGHLIGHTS

  • Prime Astoria location
  • Conveniently located
  • Close to transportation
  • Extremely low vacancy rate
  • Upside in rents
  • Free market lease conversions

OVERVIEW

Presenting a fantastic opportunity to acquire a well-maintained 12-unit multifamily building located in the highly sought-after neighborhood of Astoria, Queens. Built in 2004, this modern building boasts a desirable mix of 8 one-bedroom apartments and 4 two-bedroom apartments, offering excellent rental demand and consistent income potential, with plenty of upside in the current rental rates due to a free market lease conversion on all lease renewals. The property features a super-low vacancy rate , highlighting its strong appeal to tenants and providing immediate cash flow for investors. Each unit is equipped with separate utilities, ensuring low maintenance costs and minimal management hassle. The building is strategically located in one of Queens' most vibrant areas, known for its diverse culture, thriving dining scene, and easy access to public transportation and Manhattan. This is a prime investment opportunity for both seasoned investors and those looking to break into the thriving Astoria market. With a strong rental history and a solid construction foundation, this property offers long-term value and growth potential. Don’t miss the chance to own a piece of Astoria’s real estate boom!

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$621 USD /SF

# OF UNITS

12

PRICE/UNIT

$349,583

CAP RATE

4.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R6, Queens (C2)

APN/PARCEL ID

00590-0011,00590-0111

ASK ABOUT THIS PROPERTY

Theodosis NeocliAstoria RealtyMore Info
917-242-7756

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Theodosis NeocliAstoria RealtyMore Info
917-242-7756

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