Portfolio Sale

5 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 gut renovated (2 family) - collecting top rent, tenants pay their own utilities, 2 blocks way from Ditmars BLVD N&W. R5B Zoning, 4 story building that consists of 2 duplex apts.

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 5% cap rate at a market like Astoria is rare to find

Current Gross Annual Rental Income of over $510,000 and Net Annual Rental Income of $450,000. Potential Annual Rent Income of $550,000 and Potential Annual Net Rental Income of $500,000.

Sold at $10,000,000 ($10 Million), Seller Financing available

PLEASE CONSULT WITH YOUR ARCHITECHT

Owners are also licensed real estate brokers!