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6 Family + 1 Commercial 4605 30th Ave

7 Unit Apartment Building $2,600,000 ($371,429/Unit) 5.80% Cap Rate Astoria, NY 11103

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INVESTMENT HIGHLIGHTS

6 residential Plus a legal one 1,100sq office space

Rated a Walker's and Rider's Paradise: 0.4-miles away from transit/subway and 2.2-miles away from commuter rail.

EXECUTIVE SUMMARY

We are thrilled to present exceptional location with remarkable growth potential. All 3 floors of lobby fully Renovated. 1,000 sq ft of retail space on the ground floor. Building comes with 6 total Rent Stabilized Units with additional legal office space Rented as a after school center Portfolio has high add-in income potential with preferential rents which could be brought to legal rent value adding over net $40k to the overall net income. Building has been managed and owned by the same owner for over 28+ years.

PROPERTY FACTS

Price	$2,600,000	Apartment Style	Low-Rise
Price Per Unit	$371,429	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	5.80%	Building Size	5,967 SF
No. Units	7	Average Occupancy	100%
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Year Built/Renovated	1928/2006

Price	$2,600,000
Price Per Unit	$371,429
Sale Type	Investment
Cap Rate	5.80%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	5,967 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1928/2006