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Mixed-Use Corner Building (4 Units & Retail Space) for Sale in Prime Astoria Location

Description

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% 

Features

Units 5
Bedrooms 8
Bathrooms 5
Year Built 1938
Square Footage 4545
Lot Size 1942
Floors in Bldg 3
School District 30
Broker PAPP REALTY
Agent Name Romero Papp
Separate Meters Yes

Pricing

Price $3,100,000.00
CAP Rate 4.7%

Building Amenities

  • Central A/C
  • Central Heat
  • Security system
  • Smoke alarms

Interior Amenities

  • Hardwood Floors
  • Refrigerator
  • Stove/Oven
  • Granite Counter tops
  • Washer/Dryer

Exterior Amenities

  • Back Yard
  • Sprinklers
  • Fenced

46-19 30 Avenue
Astoria NY 11103


Romero Papp
Papp Realty
44-02 30th Avenue
Astoria NY 11103
 |  7183167199

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