3107 31st Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3107 31st Ave
10 Unit Apartment Building $11,500,000 ($1,150,000/Unit) Astoria, NY 11106
Investment Highlights
- located in the heart of Astoria
Executive Summary
Brand New 10 family with 421A tax abatement in place for 35 years
Five two-bedrooms
five one-bedrooms
Amenities include rooftop access, balcony, elevator, security cameras, and laundry in the building
Five two-bedrooms
five one-bedrooms
Amenities include rooftop access, balcony, elevator, security cameras, and laundry in the building
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$543,120
|
$49.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$543,120
|
$49.37
|
| Taxes |
$6,000
|
$0.55
|
| Operating Expenses |
$37,440
|
$3.40
|
| Total Expenses |
$43,440
|
$3.95
|
| Net Operating Income |
$499,680
|
$45.43
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $543,120 |
| Annual Per SF | $49.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $543,120 |
| Annual Per SF | $49.37 |
| Taxes | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $0.55 |
| Operating Expenses | |
|---|---|
| Annual | $37,440 |
| Annual Per SF | $3.40 |
| Total Expenses | |
|---|---|
| Annual | $43,440 |
| Annual Per SF | $3.95 |
| Net Operating Income | |
|---|---|
| Annual | $499,680 |
| Annual Per SF | $45.43 |
Property Facts
| Price | $11,500,000 | Building Class | B |
| Price Per Unit | $1,150,000 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid Rise |
| Price | $11,500,000 |
| Price Per Unit | $1,150,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (80)
zoning
| Zoning Code | R5 (residential) |
| R5 (residential) |
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3107 31st Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.