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2912 Newtown Ave
Astoria, NY 11102
Multifamily Property For Sale
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17 Units
PROPERTY FACTS
| No. Units | 17 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 11,820 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1929 |
| Building Class | C | ||
| Zoning | R6A | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 11,820 SF |
| No. Stories | 4 |
| Year Built | 1929 |
| Zoning | R6A |
ABOUT 2912 NEWTOWN AVE , ASTORIA, NY 11102
We are pleased to announce that Modern Spaces Commercial & Investment Property Group has been retained on an exclusive basis to arrange for the sale of 29-12 Newtown Avenue. The property is a 17 unit, pre-war, walkup apartment building that has been kept in excellent condition. Of the 17 units, most are rent stabilized with the exception of three owner-occupied units and a superintendents’ unit that can be renovated into one or two garden units. Laundry machinery can be added to the property for additional upside. Subway access to the property is unparalleled. The 30th Avenue N & W station is located less than a five minute walk away and is undergoing a renovation that will conclude mid-2018. 29-12 Newtown Avenue offers excellent upside for an investor, with room in both rents and expenses to maximize income. Newtown Avenue is located in the heart of Astoria, a safe, vibrant neighborhood offering food, nightlife, good schools and excellent parks - all only a 30 minute subway ride from midtown Manhattan. Offering memorandum available on request.
PROPERTY TAXES
| Parcel Number | 00594-0031 | Improvements Assessment | $649,980 |
| Land Assessment | $96,840 | Total Assessment | $746,820 |
PROPERTY TAXES
