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
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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