1. New York
2. Astoria
3. 2815 24th Avenue

2815 24th Avenue, Astoria, NY 11102

• 13,344 sqft

Property Description

This well-maintained and well-positioned corner 20-UNIT apartment building is a short walk from the train station, Astoria Park, restaurants, bars, shopping, grocery stores, and highways. The existing building and property features include 19 apartments (15 two-bedroom and 4 one-bedroom apartments) and a fully operating restaurant tenant on the ground floor. The building recently had renovations to 16 out of the 19 apartments, a new roof, a well-maintained boiler, and new entry security systems. 17 UNITS units are FREE MARKET RENTS. The current rent roll has room for improvement to capitalize on the full market value of the current apartments. The projected income increase percentage with appropriate rent improvements is approximately 8%. The current annual RR is $521,215. The projected annual RR is $610,552.00 **THE OWNER IS WILLING TO HOLD A NOTE WITH A MINIMUM OF 50% DOWN PAYMENT.

Listing Status:

Active

Listing Office:

Howard Hanna Rand Realty : 914-328-0333

MLS ID:

808147

Interior

• Basement: CommonFullStorage Space
• Flooring: Hardwood
• A/C: None
• Heating: Steam

Location

Lot

Utilities

Financial

This listing courtesy of Howard Hanna Rand Realty