Income producing multifamily in the heart of Astoria, Queens
Get yourself a structurally sound, solid brick, detached, income producing multifamily (6 units) in the heart of Astoria, Queens, New York. Everything you need is within walking distance such as deli's, restaurants, laundromat's, places of worship, supermarkets, and much more! This location is conveniently off I-278, 30-minute commute to Manhattan,10 minutes to LaGuardia airport, close to train, and right across the street from the M42 bus stop. The building is in good condition, solid brick and the small lower portion front of the building has a stucco finish. There are 7 new gas meters. The roof is in good condition. Two fuel tanks are in the basement one is relatively new. Apartment information: All apartments are in good condition, have been well maintained and have one-year leases. There are four two(2) bedroom apartments and two-two(bedroom) apartments. All tenants are great and pay the rent in a timely manner with no issues. The gross annual income is approximately $127,000, after expenses the property nets about $82,000 a year.
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