New Construction – Eight Family Building for Sale in Prime Astoria Location

$5,299,000.00

This eight-family building is five years old, and features excellent finishes with top-of-the-line appliances, laundry in the basement, and a huge backyard. The building also includes two huge terraces on the top floor apartments, a surveillance system, and storage spaces allocated for each apartment.

The building consists of the following:
Apt 1F – One-bedroom duplex and 1.5 Baths
Apt 1R – Two-bedroom duplex with 1.5 baths and a huge backyard
Apt 2F – Two-bedroom apartment 
Apt 2R – Two-bedroom apartment 
Apt 3F – Two-bedroom apartment with a Juliette-style balcony
Apt 3R – Two-bedroom apartment 
Apt 4F – One-bedroom apartment with a huge terrace (31 x 10)
Apt 4R – One bedroom apartment with a huge terrace (31 x 10) 
All the utilities are separate and paid by the tenants.

Gross Annual Income $247,800
Total Yearly Expenses $ 12,594
Net Yearly Operating Income $235,206
Cap rate  4.44%

Address

44-02 30th Avenue 
Astoria
NY 11103

Contact

Phone:
718-278-2450

Email:
info@papprealty.com



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