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1253857
1253856

Broadway, Astoria, NY 11106

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group
$4,500,000
2398 days on market
Updated 19 days ago

25-30 Broadway Astoria Queens Mixed Use Property

Details
Property Type Mixed Use, Retail
Sub Type Retail / Apartments Upstairs
Net Rentable (SqFt) 5,500
Units 4
Beds 6
Cap Rate 6.44%
NOI $290,000
Occupancy 100%
Tenancy Vacant
Lease Type Modified
Lease Term 1.7
Lease Expiration 10/31/2024
Pro-Forma Cap Rate 6.44%
Pro-Forma NOI $290,000
Class C
Year Built 1988
Year Renovated 2000
Buildings 1
Stories 3
Lot Size (SqFt) 2,600
Zoning R6A / C1-4
Investment Type Value Add
Tenant Credit No Credit Rating
Lease Commencement 03/01/2023
Rent Commencement 11/01/2019
Occupancy Date 11/01/2019
Ground Lease No
Ceiling Height 10
Ownership Corporation

Mixed Use | 6.44% CAP

Marketing description

3-Story Commercial Building on prime location in Astoria. It has additional air right for another floor.

Ground floor is restaurant and bar, month to month ... 2200 sq. ft. store (which can be separated to 2 stores)

2nd floor is 5 bedroom 2 bathrooms huge apartment, approximately $5000 per month income.

3rd floor is also 5 bedroom 2 bathrooms huge apartment, also approximately $6000 per month income.

All apartments are vacant with Free Market.

1988 built brick building.

Broadway Subway Station to Manhattan just 5 minutes walking distance.

Great for 1031 exchange, Investment property.

Zone C1-4/R6A Lot 26x100

Please call exclusive broker

Hotel Real Estate Group

Simon Lou

President / CEO

Phone: 917 328 3611

Email: [email protected]

Or

Jack Poon

Agent / Manager

Phone: 917 915 0674

Email: [email protected]

Investment highlights

3-Story Commercial Building on prime location in Astoria. It has additional air right for another floor.

Ground floor is restaurant and bar, month to month ... 2200 sq. ft. store (which can be separated to 2 stores)

2nd floor is 5 bedroom 2 bathrooms huge apartment, approximately $5000 per month income.

3rd floor is also 5 bedroom 2 bathrooms huge apartment, also approximately $6000 per month income.

All apartments are vacant with Free Market.

1988 built brick building.

Broadway Subway Station to Manhattan just 5 minutes walking distance.

Great for 1031 exchange, Investment property.

Zone C1-4/R6A Lot 26x100

Please call exclusive broker

Hotel Real Estate Group

Simon Lou

President / CEO

Phone: 917 328 3611

Email: [email protected]

Or

Jack Poon

Agent / Manager

Phone: 917 915 0674

Email: [email protected]

Listing Contacts

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$290,000.00
$24,166.67/mo

Valuation Metrics

0
DSCR
6.44%
Cap Rate
6.44%
ROI

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