Listed by Marcus & Millichap - Manhattan
$4,400,000
30-93 43rd Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,300
Units 6
Beds 20
Cap Rate 6.20%
NOI $272,800
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.40%
Pro-Forma NOI $281,810
Price per SqFt $698
Class A
Year Built 1928
Buildings 1
Lot Size (SqFt) 3,200
Zoning R5, C1-2
Investment Type Stabilized
Multifamily | 6 Units | $733,333/unit
Marketing description
30-93 43rd Street is a fully leased 6-unit multifamily property located in the heart of Astoria, Queens. The building features 6,300 square feet across six residential units, including four 3-bedroom units and two 4-bedroom duplex units with private outdoor spaces. All units feature washer/dryer in unit and complimentary storage. The property offers a strong 6.2% current cap rate with minimal expenses as tenants pay for heat, making this an excellent stabilized investment opportunity.
Investment highlights
- 6 fully leased residential units
- 6,300 square feet of building area
- Two duplex units with backyard access
- Two units with private rooftop terraces
- Washer & dryer in every unit
- Complimentary storage for all units
- Tenants pay for heat
- Low 18% expense ratio
- 100% occupancy
Listing Contacts
Listed by Marcus & Millichap - Manhattan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$272,800.00
$22,733.33/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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