429 27th Ave - Apartments FOR SALE


Astoria, NY 11102- Hallett's Point
$1,799,000 USD
917-957-9969
429 27th Ave, Astoria, NY for Sale
$1,799,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

429 27th Ave
Astoria, NY 11102
Hallett's Point


HIGHLIGHTS

  • close to manhattan
  • One Apartment kept Vacant
  • Buildable sqft. available

OVERVIEW

Vision Real Estate is pleased to present a compelling multifamily investment opportunity at 4-29 27th Avenue in Astoria, NY 11102. Offered at $1,800,000, the property is a three-story brick building constructed in 1931, Lots of Renovations includes new roofing, new baths and kitchens, new flooring. comprising 4,080 square feet on a 0.046-acre lot and featuring six residential units. The asset is currently 100% occupied, generating a Net Operating Income (NOI) of $110,335 and a 6.13% cap rate, providing immediate and stable cash flow. Located in one of Queens’ most desirable rental markets, the property benefits from strong tenant demand and offers investors the potential for long-term appreciation and future rental upside.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

6

PRICE/UNIT

$299,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-29 27th Ave, Astoria

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,986 SF

ZONING

R6

APN/PARCEL ID

00909-0059

ASK ABOUT THIS PROPERTY

Avnish 'Raj' KumarVision Real Estate ny LLCMore Info
917-957-9969

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Avnish 'Raj' KumarVision Real Estate ny LLCMore Info
917-957-9969

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