Listed by Daniel Gale Sothebys Intl Rlty
$2,288,000
106-18 Astoria Blvd
Details
APN 01693-0007
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
NOI $98,397
Year Built 2021
Multifamily | 6 Units
Marketing description
Built in 2021, this legal 6-family new construction building offers a turnkey investment opportunity with all units currently occupied, allowing the next owner to immediately begin collecting rental income. The property features two studio apartments, two 1-bedroom units with private balconies, and two 2-bedroom units with balconies. The building operates as free-market rentals, providing strong income potential and flexibility for investors. Designed with efficiency in mind, the building includes separate boilers, heating systems, electric meters, and gas meters for each unit, helping keep operating costs low, with the owner responsible only for water. Conveniently located near LaGuardia Airport with easy access to the Grand Central Parkway and the 7 Train, as well as multiple bus routes, providing a quick commute to Manhattan and surrounding boroughs. The property is also close to Flushing Meadows–Corona Park and Citi Field, along with numerous restaurants, shopping options, and everyday conveniences. This property can be purchased individually or as part of a portfolio with the adjacent buildings at 31-04 107th Street and 106-18 Astoria Boulevard, presenting a rare opportunity to acquire three attached income-producing buildings.
Listing Contacts
Listed by Daniel Gale Sothebys Intl Rlty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,397.00
$8,199.75/mo
Valuation Metrics
0
DSCR
4.3%
Cap Rate
4.3%
ROI
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