New Listing - 12/27/2024
2815 24th Avenue, Astoria, NY, 11102
1913
This well-maintained and well-positioned corner 20-UNIT apartment building is a short walk from the train station, Astoria Park, restaurants, bars, shopping, grocery stores, and highways. The existing building and property features include 19 apartments (15 two-bedroom and 4 one-bedroom apartments) and a fully operating restaurant tenant on the ground floor. The building recently had renovations to 16 out of the 19 apartments, a new roof, a well-maintained boiler, and new entry security systems. 17 UNITS units are FREE MARKET RENTS. The current rent roll has room for improvement to capitalize on the full market value of the current apartments. The projected income increase percentage with appropriate rent improvements is approximately 8%. The current annual RR is $521,215. The projected annual RR is $610,552.00 **THE OWNER IS WILLING TO HOLD A NOTE WITH A MINIMUM OF 50% DOWN PAYMENT.
Status:
Active
Type:
Commercial
Units:
20
Heating:
Steam
Cooling:
None
Basement:
Common, Full, Storage Space
Levels:
4
Acreage:
0.09
Est. Taxes:
$121,223
Construction
Brick
Utilities
Cable Available, Electricity Connected, Natural Gas Connected
Lot Description:
Corner Lot, Level, Near Public Transit, Near School, Near Shops
Elementary School:
Ps 85 Judge Charles Vallone
Middle School:
Academy For New Americans
High School:
Long Island City High School
School District:
Community District 30
Days on Market:
1
MLS #:
808147
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Howard Hanna Rand Realty 914-328-0333