Portfolio Sale - 4 properties located in the heart of Astoria

ID #:586798
Astoria NY
Astoria, NY 11102 United States
Bedrooms: 22
Bathrooms: 13
Year Built: 1930
Square Feet: 10,000
Min. Down: 2100000
Lot Size: 10000
HOA Fees: N/A
Floors: 3
Property Type: Investment
Sale Type:None

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Hudson Exclusive

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Property Details

Description:

4 Properties for sale all located in the hear of Astoria all within a mile radius, easy to manage and very close to transportation.

One building is gut renovated (4 family) - collecting top rent, tenants pay their own utilities, one block way from Astoria BLVD N&W.  R5D Zoning, room to add another 2000 sqft

One building is gut renovated (3 family) - collecting top rent, tenants pay their own utilities, one block way from Astoria BLVD N&W. R6B Zoning, room to add another 2 floors

One building is in good condition (1 family, 3 car garage plus 2 parking spots, with patio) - collecting good rent, with potential to increase rents by at least 20%, tenants pay their own utilities and take care of the properoty management, one block way from N&W (Broadway or 36 AVE stop). Plans to develop ready for a 4 story building. R5 zoning with 4200sqft of air rights

One building is in good condition (1 family, parking spots, with patio) - collecting good rent, with potential to increase rents by at least 20%, tenants pay their own utilities and take care of the properoty management, 7 min walk to Astoria BLVD N&W. Plans to develop ready for a 4 story building. R5 Zoning

100% tenant occupied, 

A portfolio of properties being sold at a true and solid 4% cap rate at a market like Astoria is rare to find

Gross Rents: $367000; Net rents at $335,000 per year.

Sold at $8,250,000 

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Licensed Real Estate Broker10491207925