Property Details

Overview

SMART INVESTMENT OPPORTUNITY - 5.2% CAP RATE EXCELLENT MIX-USE PROPERTY IN ASTORIA, QUEENS ZONING: C4-2A / MAX RES. FAR: 3.0 / MAX COMM. FAR: 3.0 / Total Buildable -5, 960 square feet Presenting an opportunity to own a lucrative piece of Astoria real estate with great up-side potential. EXCELLENT ASTORIA LOCATION Situated right on Broadway, in the HEART of Astoria- this location sees incredibly high foot-traffic on one of the most popular main boulevards in Queens. Just steps from the N/W subway station (only 15 minutes to Manhattan). The area is comprised of an array of great restaurants, retail shops and entertainment. An incredible buy for the savvy investor! Net Operating Income: $155, 898 (w/upside potential) Expenses: $21, 702 Total Taxes: $19, 300 *(Tenants pay for all utilities and partial property tax) Zoning: C4-2A Lot Size: 19.25 ? 103 Building Size: 19.25 ? 55 SETUP: 1st Floor: Commercial/Currently Restaurant 2nd Floor: 3 Bedroom Apartment / 1, 050 sqft 3rd Floor: 3 Bedroom Apartment / 1, 050 sqft FULL BREAKDOWN AND ADDITIONAL DETAILS AVAILABLE -All material has been compiled from sources deemed reliable but not guaranteed.