Overview

Calling All Investors, Developers, & End-Users!!! 3 Unit Free Market Mixed-Use Building With HUGE Yard In Astoria For Sale!!! The Property Features Excellent Signage, Great Exposure, Large Yard, (2) Free Market 2Br. Apartments, Strong R5 Zoning, High 10’ Ceilings, Low Property Taxes, Separate Meters, Skylight, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Astoria Only A Few Blocks From The Ed Koch Queensboro Bridge Offering Direct Easy Access To Manhattan!!! Neighbors Include Hilton Hotels, Marriott Hotels, Wyndham Hotels, T-Mobile, The Home Depot, CubeSmart Self Storage, Best Buy, Dunkin’, Planet Fitness, Marshalls, Michaels, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Security Company: $26, 400 Ann.; Lease Exp.: 12/31/24. 2nd Floor Apt. (2 Br., 1 Bath): $22, 800 Ann.; Lease Exp.: 12/31/24. 3rd Floor Apt. (2 Br., 1 Bath): $25, 671 Ann.; Lease Exp.: 12/31/24. LL: $18, 000 Ann. (Available) Pro Forma Gross Income: $92, 871 Ann. Expenses: Gas: $3, 860 Ann. Electric: $480 Ann. (Hallway Only) Maintenance & Repairs: $250 Ann. Insurance: $2, 823 Ann. Taxes: $9, 687.68 Ann. Water: $4, 300 Ann. Total Expenses: $21, 400.68 Ann. Net Operating Income (NOI): $71, 470.32 Ann.