36-52 35th St, Astoria, NY 11106

Douglas Elliman Real Estate has been retained on an exclusive basis for the sale of 36-52 35th Street located in Astoria right off of Northern Blvd. Built in 1925, this 5 story rent stabilized building consists of 30 units (one of which is free market) with 6 apartments per floor ranging from 1-3 bedrooms. This offering represents a unique opportunity for investors to purchase a well maintained building in a prime location with tremendous upside. Please contact the listing agents for more information. Financial Information: - Gross Rental Income: $493k - Net Rental Income: $281k - Total Expenses: $212k - Net Cap Rate 4% Building Information: - Total Units: 30 - Bedroom Mix: 1-3 BR - Total Building SF: 20,700 - Lot Size: 60 x 100 - Zoning: M1-1