Great Investment in Astoria
MLS #:N/APresented By:
Property Details
Description:
Currently the lot/site hosts a Detached Single-Family Home, occupied by month-to-month tenants, providing an annual short term income of $32k while planning for re-development also making it easier to finance with a lower cash down-payment requirement and potential better interest rate and terms. Can be delivered Vacant! VERY LOW PROPERTY TAXES only $3,600 PER YEAR.
Zoning Information:
-Zoning: 25'x100' lot - R5,
Additional air rights available under the “City of Yes” zoning regulations with a potential FAR 2 or FAR 2.5
Buyers must perform their own due diligence to confirm applicability.
Current rental income: approximately $32,000/year. Fully rented on a month-to-month basis, providing flexibility for the buyer. Whether you are looking to gut renovate or build a new building, this property is perfect! Enjoy great tenants on a month-to-month basis and collect rental income until plans are approved and construction is ready to start. Alternatively, the property can be delivered vacant upon request.
Disclosures: The listing broker is also a part owner of the property.
Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in. All information is deemed reliable but its accuracy is not guaranteed and the viewer should independently verify all information.
Licensed Real Estate Broker10491207925