6 family building with operating bar on first floor. Bar is 1200 square feet.No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Cap Rate 8%
****Rent Increases in Rent Stabilized Homes: 1-year lease. 2.75%. 2-year lease 5.25%****
Active
Price cut: $101K (7/29)
$1,689,000
20-14 29th St #1, Astoria, NY 11105
9beds
6,101sqft
Mixed Use
Built in 1931
-- sqft lot
$1,668,800 Zestimate®
$277/sqft
$-- HOA
What's special
- 88 days
- on Zillow |
- 519 |
- 9 |
Likely to sell faster than
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