Nine family building for sale prime Astoria Park Location
9 Family building for sale with 5 garages and additional 10 car parking spaces at Astoria Park
Marketing description
PROPERTY MUST BE PURCHASED WITH ADJACENT LAND AVAILABLE (ASKING $1,000,000)
Land information: lot size is 50 x 150, zoning is R5B. There are five garages with space for an additional 10 cars.
Incredible investment opportunity! Nine family building, with 8 two-bedroom apartments and 1 one-bedroom apartment. Building SqFt is 3,525 with 5,062 SqFt of unused FAR. There is a full basement, new roof, gas boiler, and separate 100-gallon water heater. Ideal location in Astoria near subway, highways, and access to Manhattan.
Gross Annual Income - $185,588
Yearly Total Expenses - $61,946
Net Operating Income - $123,642
Investment highlights
Oversized property for sale in prime Astoria Park location
Excellent Astoria location 9 family building with an oversize lot (50X150)
8 Units - 2 Bedrooms
1 Unit - 1 Bedroom
5 Garages plus parking for additional 7 cars
Full basement
New Roof
Gas Boiler
Separate 100 gallons water heater
Zoning R5B - 3500 Square Feet Unused FAR
Gross Annual Income - $185,588
Yearly Total Expenses - $61,946
Net Operating Income - $123,642
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