2815 24th Avenue, Astoria, NY, 11102
$7,250,000
Multi Family
Commercial
Details
ML#: 808147
- # of Families: 20
- Sale or Rent:Sale
- Year Built: 1913
- Taxes: $121,223
- Status:Active
Description
This well-maintained and well-positioned corner 20-UNIT apartment building is a short walk from the train station, Astoria Park, restaurants, bars, shopping, grocery stores, and highways. The existing building and property features include 19 apartments (15 two-bedroom and 4 one-bedroom apartments) and a fully operating restaurant tenant on the ground floor. The building recently had renovations to 16 out of the 19 apartments, a new roof, a well-maintained boiler, and new entry security systems. 17 UNITS units are FREE MARKET RENTS. The current rent roll has room for improvement to capitalize on the full market value of the current apartments. The projected income increase percentage with appropriate rent improvements is approximately 8%. The current annual RR is $521, 215. The projected annual RR is $610, 552.00**THE OWNER IS WILLING TO HOLD A NOTE WITH A MINIMUM OF 50% DOWN PAYMENT.
More Property Details
Lot Size: 0.09
Lot Sq Ft: 3743
Stories: 4
Heat: Steam
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $121,223
School District: Ps 85 Judge Charles Vallone
Listing Information provided courtesy of
Howard Hanna Rand Realty
914-328-0333