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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
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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

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