NY > Astoria
Astoria, NY 11102,2815 24th AVE
Astoria, NY 11102,2815 24th AVE
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Peter Horowitz

Peter Horowitz

+1(718) 283-4119
$ 7,250,000
Est. payment | /mo

3,920 Sqft Lot

Save
$ 7,250,000
Est. payment | /mo
Save

3,920 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 808147

Rental Info No

Year Built 1913

Annual Tax Amount $121,223

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Multi Family

Source onekey2

Property 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.

Location

State NY

County Queens

Rooms

Basement Common, Full, Storage Space

Interior

Heating Steam

Cooling None

Flooring Hardwood

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected

Building

Lot Description Corner Lot, Level, Near Public Transit, Near School, Near Shops

Story 4

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 85 Judge Charles Vallone

Middle Schools Academy For New Americans

High Schools Long Island City High School

Others

Special Listing Condition Standard

Listed by Howard Hanna Rand Realty
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+1(718) 932-9700

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33-17 Crescent St, Astoria, NY, 11106, USA

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2815 24th AVE

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