*Mixed-Use Building - Great Investment Opportunity* Opportunity to acquire a Corner Mixed-Use Building on the border of Astoria and Long Island City with great upside potential. This corner property consists of one commercial space on the first floor and five 2-bedroom apartments. Asking: $1,748,000 Beds: 10 ; Baths: 6 ; 4200 Sqft Lot Size: 24 × 56 ; Bldg Size: 25 × 56 ; Taxes: $16,934 ; Zoning: R6B *SET-UP :* First floor: Commercial Store & (1) 2-Bedroom Apartment Second floor: (2) 2-Bedroom Apartments Third floor: (2) 2-Bedroom Apartments Basement: Unfinished Investment Highlights: - 4 Apartments Are Currently Occupied, 1 Vacant. All Leases Will Expire in August 2022. Great potential for rental income growth. (Rents are currently below market). - The first-floor commercial unit is occupied with a lease in place through January 2024 Annual Income: $121,968 Annual Expenses: $37,446 Excellent Location: - The property is situated in a fast-growing residential neighborhood as demand for residential development continues to rise in Astoria and Long Island City. - 2 Blocks Away From Waterfront, Socrates Park, Costco Wholesale Center, Zipcar Lot, and all Mass Transportation Transportation: Convenient?ly located just steps from the NYC Ferry on Vernon Boulevard. Only a 10 minute walk to N/W Broadway station. Steps to the Q104 bus line, and 3 minutes to the Q69 and Q100 bus lines. Easy access to all major bridges and thoroughfares. Call or Email us for more information!
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