2414 43 street | 2414 43rd St
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2414 43 street 2414 43rd St
6 Unit Apartment Building $1,700,000 ($283,333/Unit) 4.87% Cap Rate Astoria, NY 11103
Investment Highlights
- High Occupancy rate, High Traffic Area,
- Brick building, Income Producing property
- Next to MTA, No vacancies, Paying tenants
Executive Summary
Get yourself a structurally sound, solid brick, detached, income producing multifamily
(6 units) in the heart of Astoria, Queens, New York. Everything you need is within
walking distance such as deli’s, restaurants, laundromat’s, places of worship,
supermarkets, and much more!
This location is conveniently off I-278, 30-minute commute to Manhattan,10 minutes to
LaGuardia airport, close walk to subway station, and right across the street from
the M42 bus stop.
The building is in good condition, solid brick and the small lower portion front of the
building has a stucco finish. There are 7 new gas meters. The roof is in good condition.
Two fuel tanks are in the basement one is relatively new.
Apartment information: All apartments are in good condition, have been well
maintained and have one-year leases. There are four two(2) bedroom apartments and
two-two(bedroom) apartments.
All tenants are great and pay the rent in a timely manner with no issues.
The gross annual income is approximately $127,000, after expenses the property nets
about $82,000 a year.
(6 units) in the heart of Astoria, Queens, New York. Everything you need is within
walking distance such as deli’s, restaurants, laundromat’s, places of worship,
supermarkets, and much more!
This location is conveniently off I-278, 30-minute commute to Manhattan,10 minutes to
LaGuardia airport, close walk to subway station, and right across the street from
the M42 bus stop.
The building is in good condition, solid brick and the small lower portion front of the
building has a stucco finish. There are 7 new gas meters. The roof is in good condition.
Two fuel tanks are in the basement one is relatively new.
Apartment information: All apartments are in good condition, have been well
maintained and have one-year leases. There are four two(2) bedroom apartments and
two-two(bedroom) apartments.
All tenants are great and pay the rent in a timely manner with no issues.
The gross annual income is approximately $127,000, after expenses the property nets
about $82,000 a year.
Financial Summary (Actual - 2023) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,700,000 | Apartment Style | Low Rise |
| Price Per Unit | $283,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 4.87% | Building Size | 3,780 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Price | $1,700,000 |
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,780 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Parking Ratio | 1.06/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
1 of 1
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (77)
PROPERTY TAXES
| Parcel Number | 00688-0024 | Improvements Assessment | $151,908 (2024) |
| Land Assessment | $3,077 (2024) | Total Assessment | $154,985 (2024) |
PROPERTY TAXES
Parcel Number
00688-0024
Land Assessment
$3,077 (2024)
Improvements Assessment
$151,908 (2024)
Total Assessment
$154,985 (2024)
zoning
| Zoning Code | R5 |
| R5 |
-
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2414 43 street | 2414 43rd St
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