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32-72/70 48

Astoria, NY 11103
  • $3,650,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 3532098
$3,650,000
  • 0
    BEDS
  • 5.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

We are thrilled to present a unique investment opportunity in the heart of Astoria/Long Island City, showcasing a multi-family portfolio in an exceptional location with remarkable growth potential. Portfolio comprises of 2 buildings attached directly next to each other. Building comes with 12 total Rent Stabilized Units with additional sublease and storage rental income. Portfolio has high add-in income potential with preferential rents which could be brought to legal rent value adding over net $60k to the overall net income. Building has been managed and owned by the same owners for over 20+ years.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or TurnKey NY, LLC. Data last updated: 2024-04-04T00:20:17.33.
www.turnkeyny.com/homes/147673182
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32-72/70 48 Astoria, NY 11103

  • Price: $3,650,000
  • Status: Active
  • On Site: 61 Days
  • MLS #: 3532098
0
Beds
0
Baths
0
½ Baths
5.62
Acres
Neighborhood:
Queens
County:
Queens
Area:
Queens
Property Description
We are thrilled to present a unique investment opportunity in the heart of Astoria/Long Island City, showcasing a multi-family portfolio in an exceptional location with remarkable growth potential. Portfolio comprises of 2 buildings attached directly next to each other. Building comes with 12 total Rent Stabilized Units with additional sublease and storage rental income. Portfolio has high add-in income potential with preferential rents which could be brought to legal rent value adding over net $60k to the overall net income. Building has been managed and owned by the same owners for over 20+ years.
Exterior Features

Cross Street Broadway Overhead Door 0 Overhead Door Height 80 Parking Total 0 Stories Total 3

Interior Features

Heating Natural GasBaseboardHot Water

Property Features

Current Use Residential MLSArea Minor 11 Net Operating Income 184943 Property Sub Type Mixed Use Sewer Sewer Tax Annual Amount 37772 Tax Annual Amount1 37772 Zoning Description R5

Listing courtesy of Anthony Calos of AMO Realty: 617-247-1933
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or TurnKey NY, LLC. Data last updated: 2024-04-04T00:20:17.33.
 
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TurnKey NY, LLC
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Pound Ridge NY, 10576