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26-04 18th St
Astoria, NY 11102
Multifamily Property For Sale · 7 Units

INVESTMENT HIGHLIGHTS

  • 7 Apartments and 1 retail store (equipped as a laundry ready to re-open); Multiple Income Streams
  • Low tenant turnover - Easy to rent, affordable housing units; All apartments have similar 5rm, 3br 'box-styled' layouts
  • Relatively new front stoop, building entrance doors and recently paved rear courtyard
  • Excellent Tax Shelter with good potential for equity appreciation
  • Relatively new boilers; Gas heat; updated electric panels wi/curcuit breakers in bsmt & each apt; Fire-rated stell apt entrance doors
  • Offers an attractive cap rate at a time when Fed Res is planning several interest rate cuts

PROPERTY FACTS

No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 0.06 AC
Building Size 7,279 SF
Average Occupancy 88%
No. Stories 4
Year Built 1931
Zoning R6B/C1-3 - The C1-3 com'l overlay permits a FAR of 2.0. The entire 1st level can eventually become retail space & the 2nd level can be office space.

AMENITIES

UNIT AMENITIES

  • Heating
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer
  • Instant Hot Water

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • On-Site Retail
  • Smoke Free
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 7 $2,275 700

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00901-0042
Land Assessment
$5,324
Improvements Assessment
$273,995
Total Assessment
$279,319
  • Listing ID: 31117518

  • Date on Market: 3/4/2024

  • Last Updated:

  • Address: 26-04 18th St, Astoria, NY 11102

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