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31-53 34th St 40 Unit Apartment Building $7,900,000 ($197,500/Unit) 5.26% Cap Rate Astoria, NY 11106
Investment Highlights
- Heavily desirable area - in the heart of Astoria.
- Up to date, renovated units available.
- High foot traffic.
- Close proximity to Long Island Expressway.
Executive Summary
Excellent investment opportunity in the heart of Astoria! *RARE* BRICK 5-story, 40 family for sale, fully occupied, good condition sold as is, new boiler Feb. 2022.
Property Facts
| Price | $7,900,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $197,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.26% | Building Size | 28,125 SF |
| No. Units | 40 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built/Renovated | 1922/2024 |
| Zoning | R6 - R6 - Medium density residential district | ||
| Price | $7,900,000 |
| Price Per Unit | $197,500 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 28,125 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1922/2024 |
| Zoning | R6 - R6 - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 650 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00624-0021 | Improvements Assessment | $1,223,100 |
| Land Assessment | $126,450 | Total Assessment | $1,349,550 |
Property Taxes
Parcel Number
00624-0021
Land Assessment
$126,450
Improvements Assessment
$1,223,100
Total Assessment
$1,349,550
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31-53 34th St
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