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14-26 30th Dr
Astoria, NY 11102
Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
Total Units: 5 Residential + Garage (100% leased, except one non-paying tenant)
Unit Tenant Name Monthly Rent Notes
Apt 1 Martha County $3,350 Fully occupied
2L Julio Alves $2,600 Not paying
2R Maximilliano $2,800 Fully occupied
3L Ricardo Ortiz $2,850 Fully occupied
3R - $2,800 Fully occupied
Garage - $1,500 Fully occupied
Current Monthly Gross Income (with delinquency): $15,900
Potential Monthly Gross Income: $18,500
Market Value
Appraised "As Is" Value (April 2024): $2,900,000
Supported by recent comparable sales and fully-leased potential status.
Location Highlights
Situated in Astoria, a highly sought-after Queens neighborhood.
Close proximity to major transit options, restaurants, and cultural attractions, offering high demand for rentals.
Additional Notes
Renovations: The current owner invested $55,000 in minor updates post-purchase in November 2023.
Flood Zone: Located in FEMA Zone X500, indicating minimal flood risk.
Highest and Best Use: Continued use as a multifamily apartment building.
Investment Highlights
Stabilized Income: Property is fully rented except for one delinquent unit.
Location: High-demand neighborhood with potential for appreciation and rent increases.
Garage Income: Additional $1,500 monthly boosts overall cash flow.
This property presents a stable investment opportunity with consistent rental income and significant growth potential in a competitive Queens market.
If you need more details, rent breakdowns, or projections, feel free to reach out! 516-312-3223
Unit Tenant Name Monthly Rent Notes
Apt 1 Martha County $3,350 Fully occupied
2L Julio Alves $2,600 Not paying
2R Maximilliano $2,800 Fully occupied
3L Ricardo Ortiz $2,850 Fully occupied
3R - $2,800 Fully occupied
Garage - $1,500 Fully occupied
Current Monthly Gross Income (with delinquency): $15,900
Potential Monthly Gross Income: $18,500
Market Value
Appraised "As Is" Value (April 2024): $2,900,000
Supported by recent comparable sales and fully-leased potential status.
Location Highlights
Situated in Astoria, a highly sought-after Queens neighborhood.
Close proximity to major transit options, restaurants, and cultural attractions, offering high demand for rentals.
Additional Notes
Renovations: The current owner invested $55,000 in minor updates post-purchase in November 2023.
Flood Zone: Located in FEMA Zone X500, indicating minimal flood risk.
Highest and Best Use: Continued use as a multifamily apartment building.
Investment Highlights
Stabilized Income: Property is fully rented except for one delinquent unit.
Location: High-demand neighborhood with potential for appreciation and rent increases.
Garage Income: Additional $1,500 monthly boosts overall cash flow.
This property presents a stable investment opportunity with consistent rental income and significant growth potential in a competitive Queens market.
If you need more details, rent breakdowns, or projections, feel free to reach out! 516-312-3223
PROPERTY FACTS
| Price Per Unit | $380,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 8.53% | Building Size | 4,500 SF |
| Sale Condition | Distress Sale | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R4 - R4- districts allow all types of housing at a slightly higher density than permitted in R3-2 districts | ||
| Price Per Unit | $380,000 |
| Sale Type | Investment |
| Cap Rate | 8.53% |
| Sale Condition | Distress Sale |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2022 |
| Parking Ratio | 1.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 - R4- districts allow all types of housing at a slightly higher density than permitted in R3-2 districts |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Basement
- Dining Room
SITE AMENITIES
- Business Center
- Day Care
- Waterfront
- Dry Cleaning Service
- Grill
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 00535-0011 | Improvements Assessment | $131,318 |
| Land Assessment | $1,645 | Total Assessment | $132,963 |
PROPERTY TAXES
Parcel Number
00535-0011
Land Assessment
$1,645
Improvements Assessment
$131,318
Total Assessment
$132,963
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