2815 24th AVE new Save Request In-Person Tour Request Virtual Tour
Astoria,NY 11102
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY808147
Originating Board onekey2
Rental Info No
Year Built 1913
Annual Tax Amount $121,223
Lot Size 3,920 Sqft
Acres 0.09
Property Description
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.
Location
State NY
County Queens
Rooms
Basement Common,Full,Storage Space
Interior
Heating Steam
Cooling None
Flooring Hardwood
Fireplace No
Exterior
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected
Building
Lot Description Corner Lot,Level,Near Public Transit,Near School,Near Shops
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 85 Judge Charles Vallone
Middle Schools Academy For New Americans
High Schools Long Island City High School
School District Queens 30
Others
Special Listing Condition Standard