Property Details

33rd st Newtown Ave Astoria NY 11102 - Queens

SOLD $8,995,000 - Commercial Building
19460 sq ft  Add to Favorites Print

Package deal, great investment opportunity attached 38-family rent control brick buildings for sale. This property is situated in the heart of south Astoria and only two blocks away from N, Q train on 31 st, one block away from Q18. Stable income, has lots of appreciation potential! LOCATION, LOCATION, LOCATION! Perfect for 1031 exchange investors!

Property Information                  

Price: $8,995,000
Building Size: 19,460 SF
Building dimensions: 80ft x86ft
Stories 4
Residential units: 38
Lot Size: 7808
Lot dimensions:   80ft x 97ft
Annual preferential   $604,242.00
Expense
Utilized   $60,364.00
Insurance   $26,437.00
R.E.T   $111,483.00
Maintenance   $25,000.00
Janitor   $33,444.00
Yearly Expense   $256,728.00
Net Profit   $347,514.00
Cap Rate: 3.8%

 

 

 

Set Up
Income-Building 1 Income-Building 1
Apt# Legal Rent Preferential Rent Apt# Legal Rent Preferential Rent
1A $2,478.00 $2,000.00 1A SUPER  $  –        $  –
1B $773.00 $773.00 1B $1,446.40 $1,446.40
1C $1,470.56 $1,470.56 1C $1,460.00 $1,460.00
1D $1,198.88 $1,198.88 1D $1,472.83 $1,472.83
2B $1,718.08 $1,475.00 2B $1,391.78 $1,391.78
2C $1,672.06 $1,450.00 2C $1,464.50 $1,464.50
2D $1,392.83 $1,392.83 2D $1,511.19 $1,511.19
3A $777.71 $777.71 3A $1,278.55 $1,278.55
3B $1,285.68 $1,285.68 3B $1,425.15 $1,338.25
3C $1,537.25 $1,350.00 3C $1,400.00 $1,400.00
3D $1,226.28 $1,226.28 3D $845.13 $845.13
4A $1,333.89 $1,333.89 4A $1,444.30 $1,444.30
4B $1,414.00 $1,414.00 4B $1,073.77 $1,073.77
4C $1,145.99 $1,145.99 4C $1,500.00 $1,500.00
4D $1,342.10 $1,342.10 4D $1,237.93 $1,237.93
5A $1,472.01 $1,472.01 5A $1,642.30 $1,642.30
5D $1,464.50 $1,464.50 5D $1,475.00 $1,475.00
5C $1,504.50 $1,504.50 5C $1,965.76 $1,475.00
5D $1,400.00 $1,400.00 5D $1,419.61 $1,419.61
Total Rent Monthly $26,607.32 $25,476.93 Total Rent Monthly $25,454.20 $24,876.54
Totally Rent Annually $319,287.84 $305,723.16 Totally Rent Annually $305,450.40 $298,518.48
Total Annually Legal Rent $624,738.00 Total Annually Preferential Rent $604,242.00

 

 

 

 

 

 

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Additional Details

  • 33rd St, Newtown Ave Astoria: 8995000
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