New Construction - Eight Family Building for Sale in Prime Astoria Location
Price: $5,299,000.00
CAP Rate: 4.44%
Property Location
31-13 23rd Street
Astoria, NY 11106
Units: 8
Bedrooms: 13
Bathrooms: 10
Contact Information
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Romero Papp
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This eight-family building is five years old, and features excellent finishes with top-of-the-line appliances, laundry in the basement, and a huge backyard. The building also includes two huge terraces on the top floor apartments, a surveillance system, and storage spaces allocated for each apartment.

The building consists of the following:
Apt 1F - One-bedroom duplex and 1.5 Baths
Apt 1R - Two-bedroom duplex with 1.5 baths and a huge backyard
Apt 2F - Two-bedroom apartment 
Apt 2R - Two-bedroom apartment 
Apt 3F - Two-bedroom apartment with a Juliette-style balcony
Apt 3R - Two-bedroom apartment 
Apt 4F - One-bedroom apartment with a huge terrace (31 x 10)
Apt 4R - One bedroom apartment with a huge terrace (31 x 10) 
All the utilities are separate and paid by the tenants.

Gross Annual Income: $247,800
Total Yearly Expenses: $12,594
Net Yearly Operating Income: $235,206
Cap rate: 4.43%
All information in this site is deemed reliable but is not guaranteed and is subject to change