Upside Upside !!!!
GROSS INCOME $755,592 TAX ABATEMENT THRU 2059
:Welcome to 2631 3rd St Astoria, NY 11102 A High Demand luxury Rental Market With easy Travels to Manhattan And the outer Boroughs.
:Surrounded By New Luxury High rise Rentals & Luxury Condo developments .
:This Asset presents a Great opportunity to acquire a newly constructed Luxury Rental building with Great tax incentives and long-term upside WITH PLENTY OF ROOM TO GROW ON 11 FREE MARKET UNITS .
:This Five -story elevator property features 16 residential units—ranging from studios , 1 bedrooms & two-bedrooms All Built With Modern Standards And Condo Finishes ,
:Tenants are Responsible For All Utilities ,
:Building Features a 4915 SQ Ft Community Facility Delivered Vacant Giving The New Owner Flexibility In Pricing .
:The building benefits from 421a tax abatement through 2059 offering significant savings and enhanced investment returns.
:Located in a rapidly evolving neighborhood Of Halets Cove , the property is surrounded by new developments and offers seamless access to Manhattan, Brooklyn, and other parts of Queens via the N, W, and the NY FERRY or Bus service Also Located just a Minute Away .
:This asset is ideal for investors seeking a Strong income stream with Great future upside.
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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