30-80 32nd St
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30-80 32nd St
31 Unit Apartment Building $7,899,000 ($254,806/Unit) 5.31% Cap Rate Astoria, NY 11102
Investment Highlights
- A bustling location right by 30th Ave and Broadway
Executive Summary
Executive Summary
Introducing 30-80 32 Street Astoria NY 11102, well managed rent stabilized building in heart of Astoria. Extraordinary opportunity for new ownership/investor to add to their existing portfolio .
Existing Building & Property Features: Current Zoning is R6 not landmarked, set on a 60’ X 100' lot, the existing 5-story masonry building approx. 22,400SF. It currently consists of thirty one (31) income-producing units: The layouts consist of a mix of sixteen 2 bedrooms and fifteen 1 bedroom apartments.
A bustling location right on 30th Ave and Broadway with ever expanding restaurants, bars, coffee shops, galleries, grocery stores, shopping, supermarkets. Walk to the (N,W) subway lines around the corner providing easy access to Long Island City and Manhattan. This area is constantly being sought after and developed due to close proximity.
Reach out to request setup and any questions please contact listing broker Peter Klappas at 347 755-0111
Introducing 30-80 32 Street Astoria NY 11102, well managed rent stabilized building in heart of Astoria. Extraordinary opportunity for new ownership/investor to add to their existing portfolio .
Existing Building & Property Features: Current Zoning is R6 not landmarked, set on a 60’ X 100' lot, the existing 5-story masonry building approx. 22,400SF. It currently consists of thirty one (31) income-producing units: The layouts consist of a mix of sixteen 2 bedrooms and fifteen 1 bedroom apartments.
A bustling location right on 30th Ave and Broadway with ever expanding restaurants, bars, coffee shops, galleries, grocery stores, shopping, supermarkets. Walk to the (N,W) subway lines around the corner providing easy access to Long Island City and Manhattan. This area is constantly being sought after and developed due to close proximity.
Reach out to request setup and any questions please contact listing broker Peter Klappas at 347 755-0111
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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,899,000 | Apartment Style | Mid Rise |
| Price Per Unit | $254,806 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.31% | Building Size | 22,400 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1917 |
| Property Subtype | Apartment |
| Price | $7,899,000 |
| Price Per Unit | $254,806 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Sale Conditions | 1031 Exchange |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 22,400 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1917 |
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Walking/Biking Trails
- Public Transportation
- Walk-Up
1 of 1
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 00615-0067 | Total Assessment | $577,350 |
| Land Assessment | $94,950 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $482,400 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
00615-0067
Land Assessment
$94,950
Improvements Assessment
$482,400
Total Assessment
$577,350
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R6 (Medium density residential district) |
| R6 (Medium density residential district) |
-
Peter Klappas -
Alexiou Realty
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30-80 32nd St
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