Prime 10-Family Building in Astoria at 30-26 43rd Street
FOR SALE
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$2,550,000
30 26 43rd Street
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
Year Built
1924
Zoning
R5
Lot Size
2,724 SF
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.