Featured Property

Astoria • $2,599,000
Mixed-Use Building
25-44 Steinway Street

Excellent opportunity to own a mix use building in Astoria at Steinway street. The property offers 4 apartments all one bedroom plus a retail space with full basement and a back yard. Close to all major highways and to 30th Avenue the property offers great investment. Each apartment pays electricity and cooking gas separately and the retail space has its own separate meters for utilities. Building zoning is C4-2A with 2,526 square feet air rights available to extent toe property. Lot dimensions - 18.58X95.83. Building dimensions - 18.50X55. Retail space approximate 940 square feet. Income: Monthly pro forma income - $13,000. Yearly pro forma income -$156,000. Expenses: Property taxes - $24,015. Insurance - $4,930.
Water & Sewer - $3,780. PLP - $1,200. Heat - $4,800. Total yearly expenses -$38,725. Net operating income -$117,275.