Listed by IPRG Investment Property Realty Group
$2,050,000
34-04 28th Avenue
Details
APN 00628-0018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,300
Units 7
Cap Rate 6.18%
NOI $126,704
Tenancy Multi
Pro-Forma Cap Rate 7.80%
Pro-Forma NOI $159,828
Price per SqFt $325
Zoning R6A
Investment Type Stabilized
Multifamily | 7 Units | $292,857/unit
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 34-04 28th Ave. The subject property is on 28th Ave and 34th Street. Located just one block away from Astoria's busiest retail corridor.
The property offers 1 Free market apartment that was permanently exempted back in 2014 and 4 of the 7 units fully renovated with 3 of those units having legal rents over $3,000 a month.
The property is located just one block away from Astoria's busiest retail corridor and 3 blocks away from the N and W train.
Investment highlights
Listing Contacts
Listed by IPRG Investment Property Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,704.00
$10,558.67/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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