Beautiful, gut renovated 4 unit Building

ID #:586733
24-17 29 Street
Astoria, NY  United States
Year Built: 1930
Lot Size: 2500
Type: Multi-Family Residential
Ceiling Height: 9 ft
Available Sq Ft: 5,466
Total Stories: 2
Floor Location: 1
Current Occupancy: Occupied

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Hudson Exclusive

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Property Details

Description:

Gut renovated 4 unit building located at the very best location and near all.

2 duplex apt (1st floor and bsmt) with front yard and back yard

front duplex apt rented for $3,000 per month with front yard

rear duplex apt rented for $4,500 per month with backyard

Front 2nd floor apt could be rented for $3200 with roof access thru buldhead

Rear 2nd floor apt could be rented for $3200with roof access thru buldhead

Total Groos Annual Income $166,800

Brand new elecctric and plumbing, each unit has its own water heater and boiler and all bills are paid by tenants. Landlord pays water bill only.

Annual taxes $14000

Water Annual $1800

Net Annual Income $151,000

CAP RATE over 5%, great CAP rate for ASTORIA Market

 

Current Use:Apartments
Cap Rate: 5.1>
Vacancy: 0

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