3414 33rd St
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3414 33rd St
6 Unit Apartment Building $1,625,000 ($270,833/Unit) 4.26% Cap Rate Astoria, NY 11106
Investment Highlights
- Heart of Astoria Queens
- Unique Investment Opportunity
- No Vacancy
- Heavy Foot Traffic
- 10-15 Minute Train Transportation to New York City
Executive Summary
Unique Investment Opportunity in the Heart of Astoria Queens!
This multifamily property boasts six generously sized two-bedroom apartments, offering steady and reliable rental income in a prime location. Situated in the heart of Astoria, this property is conveniently located near a variety of dining, shopping, and cultural attractions, with excellent access to public MTA transportation ensuring a quick train ride to New York City, ensuring high tenant demand and long-term value. Each apartment features well-maintained interiors, providing a comfortable living environment for tenants, while the building itself offers potential for future value appreciation.
This is a remarkable opportunity for investors seeking a stable, income-generating property in a neighborhood known for its dynamic growth and strong community ties. Don’t miss your chance to own a piece of Astoria!
For more information or to schedule a viewing, contact us today!
This multifamily property boasts six generously sized two-bedroom apartments, offering steady and reliable rental income in a prime location. Situated in the heart of Astoria, this property is conveniently located near a variety of dining, shopping, and cultural attractions, with excellent access to public MTA transportation ensuring a quick train ride to New York City, ensuring high tenant demand and long-term value. Each apartment features well-maintained interiors, providing a comfortable living environment for tenants, while the building itself offers potential for future value appreciation.
This is a remarkable opportunity for investors seeking a stable, income-generating property in a neighborhood known for its dynamic growth and strong community ties. Don’t miss your chance to own a piece of Astoria!
For more information or to schedule a viewing, contact us today!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,536
|
$21.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,536
|
$21.11
|
| Taxes |
$15,192
|
$3.04
|
| Operating Expenses |
$18,977
|
$3.80
|
| Total Expenses |
$34,169
|
$6.83
|
| Net Operating Income |
$71,367
|
$14.27
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $105,536 |
| Annual Per SF | $21.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $105,536 |
| Annual Per SF | $21.11 |
| Taxes | |
|---|---|
| Annual | $15,192 |
| Annual Per SF | $3.04 |
| Operating Expenses | |
|---|---|
| Annual | $18,977 |
| Annual Per SF | $3.80 |
| Total Expenses | |
|---|---|
| Annual | $34,169 |
| Annual Per SF | $6.83 |
| Net Operating Income | |
|---|---|
| Annual | $71,367 |
| Annual Per SF | $14.27 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,308 | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 00609-0034 | Total Assessment | $122,356 (2024) |
| Land Assessment | $1,672 (2024) | Annual Taxes | $15,192 ($6.08/SF) |
| Improvements Assessment | $120,684 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
00609-0034
Land Assessment
$1,672 (2024)
Improvements Assessment
$120,684 (2024)
Total Assessment
$122,356 (2024)
Annual Taxes
$15,192 ($6.08/SF)
Tax Year
2023
zoning
| Zoning Code | R5 (Multifamily apartment dwelling: five to six families) |
| R5 (Multifamily apartment dwelling: five to six families) |
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3414 33rd St
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