6 Family + 1 Commercial 4605 30th Ave 7 Unit Apartment Building $3,606,772 CAD ($515,253 CAD/Unit) 5.80% Cap Rate Astoria, NY 11103

INVESTMENT HIGHLIGHTS

  • 6 residential Plus a legal one 1,100sq office space
  • Rated a Walker's and Rider's Paradise: 0.4-miles away from transit/subway and 2.2-miles away from commuter rail.

EXECUTIVE SUMMARY

We are thrilled to present exceptional location with remarkable growth potential. All 3 floors of lobby fully Renovated. 1,000 sq ft of retail space on the ground floor. Building comes with 6 total Rent Stabilized Units with additional legal office space Rented as a after school center Portfolio has high add-in income potential with preferential rents which could be brought to legal rent value adding over net $40k to the overall net income. Building has been managed and owned by the same owner for over 28+ years.

PROPERTY FACTS

Price $3,606,772 CAD
Price Per Unit $515,253 CAD
Sale Type Investment
Cap Rate 5.80%
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 5,967 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1928/2006

UNIT AMENITIES

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Basement
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (99)

PROPERTY TAXES

ZONING

Zoning Code R5 (low to medium density single family housing)
  • Listing ID: 31031154

  • Date on Market: 2024-02-23

  • Last Updated:

  • Address: 4605 30th Ave, Astoria, NY 11103