20-14 29th St Astoria 29th., st., Astoria, NY 11105
sale
$1,589,000
|
Single Family Attached
Courtesy Of TMT Realty Group LLC
6 family building with vacant 1200 sq ft store front on ground floor formerly a bar. 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. Pro forma 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 8.58%
Rent Increases in Rent Stabilized Homes:
1-year lease. 2.75%. 2-year lease 5.25%
Rent Increases in Rent Stabilized Homes:
1-year lease. 2.75%. 2-year lease 5.25%
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 6
- Exterior Type: Brick
- Heating System: Natural Gas
- MLSID: 847324
- Rooms: Basement
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