Prime 10-Family Building in Astoria at 30-26 43rd Street
FOR SALE
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$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
30 years
10 years
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.