33-05 Broadway
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33-05 Broadway
3,180 SF 100% Leased Retail Building Astoria, NY 11106 $2,898,000 ($911/SF) 5.38% Cap Rate
Investment Highlights
- SMART INVESTMENT OPPORTUNITY - 5.2% CAP RATE
- ZONING: C4-2A / MAX RES. FAR: 3.0 / MAX COMM. FAR: 3.0 / Total Buildable ~5,960 square feet
- Net Operating Income: $155,898
Executive Summary
SMART INVESTMENT OPPORTUNITY - 5.2% CAP RATE
EXCELLENT MIX-USE PROPERTY IN ASTORIA, QUEENS
Net Operating Income: $155,898
ZONING: C4-2A / MAX RES. FAR: 3.0 / MAX COMM. FAR: 3.0 / Total Buildable ~5,960 square feet
PLEASE CALL FOR FULL BREAKDOWN AND ADDITIONAL DETAILS!
Presenting an opportunity to own a lucrative piece of Astoria real estate with great up-side potential.
EXCELLENT ASTORIA LOCATION
Situated right on Broadway, in the HEART of Astoria- this location sees incredibly high foot-traffic on one of the most popular main boulevards in Queens.
Just steps from the N/W subway station (only 15 minutes to Manhattan).
The area is comprised of an array of great restaurants, retail shops and entertainment.
An incredible buy for the savvy investor!
Net Operating Income: $155,898 (w/upside potential)
Expenses: $21,702
Total Taxes: $19,300 **(Tenants pay for all utilities and partial property tax)
Zoning: C4-2A
Lot Size: 19.25 x 103
Building Size: 19.25 x 55
SETUP:
1st Floor: Commercial/Currently Restaurant
2nd Floor: 3 Bedroom Apartment / 1,050 sqft
3rd Floor: 3 Bedroom Apartment / 1,050 sqft
~All material has been compiled from sources deemed reliable but not guaranteed. All information should be independently verified.
EXCELLENT MIX-USE PROPERTY IN ASTORIA, QUEENS
Net Operating Income: $155,898
ZONING: C4-2A / MAX RES. FAR: 3.0 / MAX COMM. FAR: 3.0 / Total Buildable ~5,960 square feet
PLEASE CALL FOR FULL BREAKDOWN AND ADDITIONAL DETAILS!
Presenting an opportunity to own a lucrative piece of Astoria real estate with great up-side potential.
EXCELLENT ASTORIA LOCATION
Situated right on Broadway, in the HEART of Astoria- this location sees incredibly high foot-traffic on one of the most popular main boulevards in Queens.
Just steps from the N/W subway station (only 15 minutes to Manhattan).
The area is comprised of an array of great restaurants, retail shops and entertainment.
An incredible buy for the savvy investor!
Net Operating Income: $155,898 (w/upside potential)
Expenses: $21,702
Total Taxes: $19,300 **(Tenants pay for all utilities and partial property tax)
Zoning: C4-2A
Lot Size: 19.25 x 103
Building Size: 19.25 x 55
SETUP:
1st Floor: Commercial/Currently Restaurant
2nd Floor: 3 Bedroom Apartment / 1,050 sqft
3rd Floor: 3 Bedroom Apartment / 1,050 sqft
~All material has been compiled from sources deemed reliable but not guaranteed. All information should be independently verified.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,180 SF
Building Class
C
Year Built
1927
Price
$2,898,000
Price Per SF
$911
Cap Rate
5.38%
NOI
$155,896
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.46
Lot Size
0.05 AC
Zoning
C4-2A R6B - ZONING: C4-2A / MAX RES. FAR: 3.0 / MAX COMM. FAR: 3.0 / Total Buildable ~5,960 square feet
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00623-0007 | Improvements Assessment | $75,950 (2024) |
| Land Assessment | $19,090 (2024) | Total Assessment | $95,040 (2024) |
PROPERTY TAXES
Parcel Number
00623-0007
Land Assessment
$19,090 (2024)
Improvements Assessment
$75,950 (2024)
Total Assessment
$95,040 (2024)
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33-05 Broadway
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