6 family building with vacant 1200 sq ft store front on ground floor formerly a bar. No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Pro forma annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Cap Rate 8.58% Rent Increases in Rent Stabilized Homes:1-year lease. 2.75%. 2-year lease 5.25%
| MLS # | 847324 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1931 |
| Days On Site | 522 |
| Listing Provided By | Weichert Realtors TMT Group | Joseph D. Ferone CBR |
| SQ Feet | 6,101 |
|---|---|
| Basement | Y |
| Story(s) | 4 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.06 |
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Construction Materials | Brick |
|---|---|
| Foundation Details | Block |
| Fencing | Back Yard |
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 20204.63 |
| Tax Lot | 83 |
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11105 |
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11105 |