34-03 42nd St - Apartments FOR SALE


Long Island City, NY 11101
$1,349,999 USD
929-405-4040
34-03 42nd St, Long Island City, NY for Sale
$1,349,999 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

34-03 42nd St
Long Island City, NY 11101


OVERVIEW

strong income + upgraded asset + future upside 6-Family Investment Property Exceptional investment & ALL the buyers opportunity in prime Astoria. Solid 6-family stone building generating $138,185.52 annual income with strong tenant stability and long-term upside. This well-maintained property features 5 newly renovated apartments, making it a turnkey asset for investors seeking immediate cash flow with minimal capital improvements required. Property Highlights: 6 Residential Units 6 storage in the basement Annual Gross Income: $138,185.52 5 Apartments Renovated Building Size: 28 ft x 68 ft Lot Size: 28 ft x 100 ft Zoning: R6B with C1-4 Commercial Overlay Updated DHCR No Violations Tenants Pay On Time Strong Rental Demand Located just minutes from the R & M subway lines, offering approximately a 15-minute commute to Manhattan. Surrounded by restaurants, retail, and everything that makes Astoria one of Queens’ most desirable neighborhoods. R6B / C1-4 zoning provides additional long-term value and flexibility, making this an ideal opportunity for investors looking for stable income and future appreciation. Serious inquiries only. Contact for full financials and rent roll. Showing with appointment Only

FOR SALE DETAILS

PRICE

$1,349,999 USD

PRICE/SF

$219 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,112 SF

ZONING

R6B, Queens

APN/PARCEL ID

00675-0018

ASK ABOUT THIS PROPERTY

Jozef BadraghehCiti Homes IncMore Info
929-405-4040

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Jozef BadraghehCiti Homes IncMore Info
929-405-4040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.