3329 Astoria Blvd
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3329 Astoria Blvd
3,546 SF 1% Leased Retail Building Astoria, NY 11103 $2,650,000 ($747.32/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 4AM Liquor license
- Brand new 2019 built residential units
- Usable rooftop as amenity
- High performing restaurant lounge bar space
EXECUTIVE SUMMARY
Seize the opportunity to own 33-29 Astoria Blvd North, an incredible 3,500 sq ft building perfect for both owner-users and investors. Featuring a highly popular 4 AM lounge that generates impressive income, this property includes two brand new residential units (2019) and a versatile rooftop space ideal for an amenity area, such as a dog park.
With a 6.08% cap rate as-is, this building offers strong returns and the flexibility for tenants to renew or vacate, making it a dynamic investment. Additionally, the potential for city proposals to increase the FAR to 2 opens up exciting possibilities for future growth. Don’t miss out on this prime asset in a thriving location!
With a 6.08% cap rate as-is, this building offers strong returns and the flexibility for tenants to renew or vacate, making it a dynamic investment. Additionally, the potential for city proposals to increase the FAR to 2 opens up exciting possibilities for future growth. Don’t miss out on this prime asset in a thriving location!
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 or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,546 SF
Building Class
B
Year Built
1953
Price
$2,650,000
Price Per SF
$747.32
Cap Rate
6.50%
NOI
$172,250
Percent Leased
1%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.74
Lot Size
0.11 AC
Zoning
R5B
Parking
1 Space (0.28 Spaces per 1,000 SF Leased)
Frontage
106’ on Astoria Blvd N
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00836-0038 | Improvements Assessment | $242,460 (2024) |
| Land Assessment | $88,650 (2024) | Total Assessment | $331,110 (2024) |
PROPERTY TAXES
Parcel Number
00836-0038
Land Assessment
$88,650 (2024)
Improvements Assessment
$242,460 (2024)
Total Assessment
$331,110 (2024)
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3329 Astoria Blvd
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