A well priced two-family house with basement and backyard in close proximity to active Steinway Street. Can be delivered vacant. 31-32 42nd Street, Queens, NY 11103 Long Island City ; Block - 679 ; Lot - 54 Building Two Family: Frame Year Built: 1910 Class: B2 Building Dimensions Floors 2 Max Floor Plate 902 sf Frontage 22.00 ft Depth 41.00 ft Lot Dimensions # of Buildings: 1 Area 2,500 sf Frontage 25.00 ft Depth 100.00 ft Building SF Breakdown Type % of Total Usable SF + Loss Factor = Rentable SF Commercial (0 units) 0% 0 0 Residential (2 units) 100% 1,860 1,860 Total (2 units) 1,860 1,860 Estimated income and expenses for the property: Revenues Unit 1 Monthly $2,200.00 Unit 2 Monthly $2,300.00 Year $55,656.73 Expenses Con Ed $6,053.92 Homeowners $6,743.00 Water $1,967.77 Taxes $6,710.00 Total Expenses $21,474.69 Net Income (NOI) $34,182.04 Zoning Description R5 districts allow a variety of housing types as do R3-2 and R4 districts but with a higher density. The maximum FAR of 1.25 (the attic allowance does not apply) typically produces three-story rowhouses and small apartment buildings. R5 districts provide a transition between lower and higher density neighborhoods and are widely mapped in all boroughs except Manhattan. Typical R5 neighborhoods are sections of Astoria in Queens and East New York in Brooklyn. Most R5 districts are served directly by rapid transit. To ensure compatibility with existing neighborhood scale, the maximum street wall height is 30 feet, above which it must be set back 15 feet. The maximum roof height is 40 feet. Front yards must be exactly 10 feet deep or a minimum of 18 feet in order to ensure that cars parked in front yard driveways do not protrude onto sidewalks. Height and setback requirements may be waived by authorization of the City Planning Commission. One parking space is required for each dwelling unit in single-, two- and three-family houses; in multiple dwellings, parking spaces are required for 85 percent of the apartments. R5 is the lowest density district in which a parking space is not required for each dwelling unit.
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