Description

Nine-family building for sale in Astoria! There is a huge lot (50 x 150), five garages, and seven parking spaces.
Eight of the nine units are two-bedroom apartments and one unit is a one-bedroom apartment.
There is a full basement, new roof, gas boiler, and separate 100-gallon water heater. The zoning is R5B and there are 3,500 square feet of unused FAR.

Gross annual income ----- $196,308
Total yearly expenses ----- $71,240
Net operating income ----- $125,067
*The income for 5 garages is not included in the annual income.