Prime Multifamily Investment at 11-09 36th Avenue Astoria
$2,750,000
11-09 36th Avenue, Astoria, NY 11106
5,000 SF
Square Feet
$550
PPSF
5
Units
500.0K
PPU
5.66%
CAP
Property Description
Units
5 — PPU: 500.0K
NOI
$155,641
Cap Rate
5.66%
11-09 36th Avenue is a prime investment opportunity in the vibrant neighborhood of Astoria, Queens. This property features 5 Free Market Renovated units priced at $2,750,000.
Features a mix of four-bedroom and three-bedroom configurations.
Property Details
Asset Type
MultiFamily
Year Built
1931
Zoning
R5
Lot Size
2,075 SF
Neighborhood
Astoria
Submarket
Astoria
ZIP
11106
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$246,924
Debt Service Coverage Ratio (DSCR)
1.58x
Cap Rate
8.98%
Cash Flow (Annual)
$90,487
Cash-on-Cash Return
13.16%
Monthly Debt Service
$13,036
Annual Debt Service
$156,437
View on Map
Address
11-09 36th Avenue
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Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
