This property is a mixed-use corner building for sale in prime Astoria.
The building features:
- Four completely-renovated two-bedroom apartments with an open layout kitchen-living room.
- All apartments feature central heating and cooling, a state-of-the-art kitchen, new bathroom, hardwood floors, and a washer and dryer in each unit.
- All the apartments have a one-year lease.
- A retail space/restaurant on the ground floor with a full basement.
- The retail space is an established restaurant with a long lease.
- The property is extremely well-maintained with a new roof, new plumbing, and a new metal staircase.
The annual gross income is $177,600.
Annual expenses are $31,053.
The net operating income is $146,547.
The cap rate is 4.7%