Listed by Daniel Gale Sothebys Intl Rlty
$2,388,000
31-04 107th Street
Details
APN 01693-0009
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 7
NOI $109,888
Year Built 2021
Parking Spaces 1 spaces
Multifamily | 7 Units
Marketing description
Built in 2021, this mixed-use property featuring 6 residential units plus 1 storefront offers a turnkey investment opportunity with all units currently occupied, allowing the next owner to begin collecting rental income immediately. The residential portion consists of six 1-bedroom, 1-bathroom apartments, some with private balconies, while the storefront is currently occupied by a barbershop. The building’s modern construction includes separate boilers, heating systems, electric meters, and gas meters for each unit, helping keep operating costs efficient, with the owner responsible only for water. One Parking spot and backyard included. Conveniently located near LaGuardia Airport with easy access to the Grand Central Parkway and 7 train, plus multiple bus routes for a quick commute to Manhattan and surrounding boroughs. Close to Flushing Meadows–Corona Park, Citi Field, restaurants, shopping, and everyday conveniences. This property can be purchased individually or as part of a portfolio with the adjacent buildings at 31-04 107th St and 106-18 Astoria Blvd, 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
$109,888.00
$9,157.33/mo
Valuation Metrics
0
DSCR
4.6%
Cap Rate
4.6%
ROI
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