Property
| Ownership: | Building with units for sale/rent |
|---|---|
| Type: | Multi-Family |
| Area: | 39745 sq ft |
FinancialsPrice: $18,000,000 Annual Taxes: $34,704
| Price: | $18,000,000 |
|---|---|
| Annual Taxes: | $34,704 |
Description2008 construction, 5-story building, 36 apartments - all market rate, 100% leased. 4 studios, 32 one bedrooms. 19 parking spaces 421a till 2034. Yearly tax -$34,704
Apartments: Stainless steel appliances,stone counter tops, hardwood floors, dishwasher, washer & dryer inside the apartment, fitness center, roof patio
Building is located steps from the Astoria waterfront with landmarks such as the Socrates Sculpture Park, The Noguchi Museum and Rainey Park and is just a short distance to public transportation; train station, bus stop or Astoria Ferry terminal
1. Landlord charges current market rent
2. Investor can increase 1.5% for every lease extension
3. Investor increase up to legal rent on any vacant apartments
4. 15 years virtually no tax ($34,704 annual)
5. 2034 all apartments are free market rent
6. NOI - $859,000.00
Neighborhood
2008 construction, 5-story building, 36 apartments - all market rate, 100% leased. 4 studios, 32 one bedrooms. 19 parking spaces 421a till 2034. Yearly tax -$34,704
Apartments: Stainless steel appliances,stone counter tops, hardwood floors, dishwasher, washer & dryer inside the apartment, fitness center, roof patio
Building is located steps from the Astoria waterfront with landmarks such as the Socrates Sculpture Park, The Noguchi Museum and Rainey Park and is just a short distance to public transportation; train station, bus stop or Astoria Ferry terminal
1. Landlord charges current market rent
2. Investor can increase 1.5% for every lease extension
3. Investor increase up to legal rent on any vacant apartments
4. 15 years virtually no tax ($34,704 annual)
5. 2034 all apartments are free market rent
6. NOI - $859,000.00
New Development Investment Rental Property
Description2008 construction, 5-story building, 36 apartments - all market rate, 100% leased. 4 studios, 32 one bedrooms. 19 parking spaces 421a till 2034. Yearly tax -$34,704
Apartments: Stainless steel appliances,stone counter tops, hardwood floors, dishwasher, washer & dryer inside the apartment, fitness center, roof patio
Building is located steps from the Astoria waterfront with landmarks such as the Socrates Sculpture Park, The Noguchi Museum and Rainey Park and is just a short distance to public transportation; train station, bus stop or Astoria Ferry terminal
1. Landlord charges current market rent
2. Investor can increase 1.5% for every lease extension
3. Investor increase up to legal rent on any vacant apartments
4. 15 years virtually no tax ($34,704 annual)
5. 2034 all apartments are free market rent
6. NOI - $859,000.00
Neighborhood
2008 construction, 5-story building, 36 apartments - all market rate, 100% leased. 4 studios, 32 one bedrooms. 19 parking spaces 421a till 2034. Yearly tax -$34,704
Apartments: Stainless steel appliances,stone counter tops, hardwood floors, dishwasher, washer & dryer inside the apartment, fitness center, roof patio
Building is located steps from the Astoria waterfront with landmarks such as the Socrates Sculpture Park, The Noguchi Museum and Rainey Park and is just a short distance to public transportation; train station, bus stop or Astoria Ferry terminal
1. Landlord charges current market rent
2. Investor can increase 1.5% for every lease extension
3. Investor increase up to legal rent on any vacant apartments
4. 15 years virtually no tax ($34,704 annual)
5. 2034 all apartments are free market rent
6. NOI - $859,000.00
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.