Mix Use Building For Sale Prime Astoria Location
Pricing
$2,899,000
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Price: $2,899,000
CAP Rate: 4.5
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Property Location
4303 34 Avenue
Long Island City, NY 11101
Features
Units: 5
Bedrooms: 4
Bathrooms: 6
Contact Information
Romero Papp
 7183167199
Papprealty.com
Papprealty.net
Prime Astoria Location Just Few Minutes From Steinway And R,M subway Four Family building with retail space, full basement, parking.

The Property Features

Full Basement with half  bath
First Floor Retail Space - Former Restaurant completely equipped with 70 people capacity and parking in the rear of the building.

Second floor 2 -1 bedroom apartment
Third floor 2 - 1 bedroom apartment 

The property in great condition and will be delivered vacant.

Projected Income
Retail $ 6500
Four Units One Bedroom $ 8000
Total Projected Annual Income $ 174,000

Expenses:
Property Taxes $ 35,731
Heat                $ 5200
Water & Sever  $ 4900
Repaires           $ 1090
Insurance         $  3182
PLP                  $ 901
Total Expenses $ 51,004

Projected NOI $ 122,996
Projected Cap Rate 4.55%
All information in this site is deemed reliable but is not guaranteed and is subject to change