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Prime 10-Family Building in Astoria at 30-26 43rd Street

Prime 10-Family Building in Astoria at 30-26 43rd Street
FOR SALE
View more

$2,550,000

30 26 43rd Street, Astoria, NY 11103

5,019 SF

Square Feet

$508

PPSF

10

Units

200.0K

PPU

7.64%

CAP

Property Description

Units

10 — PPU: 200.0K

NOI

$194,806

Cap Rate

7.64%

Prime Location! Excellent Investment Opportunity in the Heart of Astoria. This well-maintained, attached 10-family building is an investor’s dream. The property features 2 spacious 2-bedrooms, 5-room apartments, and 6 large 1-bedroom, 4-room apartment, & 2 Studio’s. Each unit boasts high ceilings, generously sized rooms, and is in excellent condition. With strong income potential, this is a rare find in a highly desirable area. Only a 15-minute walk to the N/W 30th Ave Station, with the Q18 bus just 2 block away on Steinway St. Close proximity to major routes: Queensboro Bridge, Grand Central Parkway, and Triboro Bridge.


Property Details

Asset Type

MultiFamily

Year Built

1924

Zoning

R5

Lot Size

2,724 SF

Neighborhood

Astoria

Submarket

Astoria

ZIP

11103

Listing Type

sale

Net Operating Income (NOI)

$309,060

Debt Service Coverage Ratio (DSCR)

2.13x

Cap Rate

12.12%

Cash Flow (Annual)

$164,000

Cash-on-Cash Return

25.73%

Monthly Debt Service

$12,088

Annual Debt Service

$145,060

View on Map

Address

30 26 43rd Street

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Astoria MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Angela Kontis

Angela Kontis

Lic.Real Estate Salesperson

5 closed

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Angela Kontis

Angela Kontis

Lic.Real Estate Salesperson

5 closed

Call