20-14 29th St 6 Unit Apartment Building $2,200,000 ($366,667/Unit) 6.21% Cap Rate Astoria, NY 11105
EXECUTIVE SUMMARY
6 family building with operating bar on first floor. Bar is 1200 square feet with lease to expire July 2025. No rent controlled apartments. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. Cap Rate 6.2%
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $2,200,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 6,100 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R5B - NYC Zoning district R5B |
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Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 00849-0032 | Total Assessment | $316,970 |
| Land Assessment | $157,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $159,470 | Tax Year | 2024 |
CONTACT
-
Joseph Ferone -
Weichert Realtors Tmt Group
