Property Details

Overview

6 Family Building for Sale in PRIME Astoria/LIC Location! Superbly maintained building offering investors an income generating opportunity without upfront renovation costs. Located in the heart of Astoria, just off the ever-popular Broadway and steps to the train, this multi-family building sees continuous tenant demand! SET-UP ***First floor: (2) 1 Bedroom Apartments ***Second floor: (1) 1-Bedroom Apartment (1) 2-Bedroom Apartment ***Third floor: (1) 1-Bedroom Apartment (1) 2-Bedroom Apartment ***Basement: Full, unfinished ***Semi-Detached, Brick - Beds: 8 Baths: 6 Rooms: 20 Sqft: 2, 067 ***Annual Income: $131, 064 ***Annual Expenses: $38, 579 ***Net Operating Income: $ $92, 485 ***Lot Size: 20.67x100 ***Bldg Size: 20.75x85 ***Taxes: $21329 ***Zoning: R5 TRANSPORTATION & LOCATION: Conveniently located just a 5-minute walk from the N/W subway station, providing quick access to Manhattan in under 20 minutes. With Citibike stations and multiple bus lines nearby, residents enjoy numerous transportation options. This prime Astoria spot is surrounded by popular dining, shopping, and entertainment options and is a high demand area for renters. ***TURN-KEY INCOME*** Ready for immediate income generation with easy to rent units. All units in great condition with some recent updates meeting modern tenant requirements. *HIGH RENTAL DEMAND* Astoria is known for its booming rental market and sees consistent tenant demand driven by all of the conveniences, cultural appeal and convenient transit/proximity to Manhattan.