Luxury Multifamily Building at 35-16 Astoria Boulevard
FOR SALE
$8,750,000
35 16 Astoria Boulevard
14,114 SF
Square Feet
$620
PPSF
Property Description
- 6-Story, Luxury Elevator Serviced Multifamily Building with Sweeping Views of Manhattan’s Skyline.
- Delivered Substantially Vacant.
- Two 1 BR Units & One 2 BR Unit with Terraces on Floors 2-6, Units are Individually Metered.
- Community-Use Space on the Ground Floor & 6 Underground Parking Spaces.
- Prime Astoria Location – Close Proximity to Popular Bars & Restaurants, Mount Sinai Hospital, and Steinway Street / 31st Avenue & Ditmars / Steinway Retail Corridors.
- Close Proximity to the Astoria Boulevard N & W Trains.
- Built in 2013, 15 Year 421A Abatement in Place.
Property Details
Year Built
2013
Zoning
C4-3
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$497,754
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$41,479
Annual Debt Service
$497,754
View on Map
Address
35 16 Astoria Boulevard
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Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
