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31-64 41st St 8 Unit Apartment Building $3,900,000 ($487,500/Unit) 6.85% Cap Rate Long Island City, NY 11103
EXECUTIVE SUMMARY
The Catherine located at 31-64 41st Street is a fully remodeled boutique luxury loft building in the heart of Astoria and conveniently located a few blocks from the subway.
All apartments have been fully updated and the design modernized with the units now featuring elegant condo finishes and only the highest quality materials with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms.
Renovated Unit Features:
• Engineer Hard Hardwood Floors
• Recessed Lighting
• Quartz Countertops
• Brand New Panelled Appliances
• Custom Kitchen Cabinets
• Luxury Bathroom with Ceramic Tile-work
• Whisper Quiet Split Unit HVAC System
• Livingroom Equipped with 52” LED Smart TV
All apartments have been fully updated and the design modernized with the units now featuring elegant condo finishes and only the highest quality materials with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms.
Renovated Unit Features:
• Engineer Hard Hardwood Floors
• Recessed Lighting
• Quartz Countertops
• Brand New Panelled Appliances
• Custom Kitchen Cabinets
• Luxury Bathroom with Ceramic Tile-work
• Whisper Quiet Split Unit HVAC System
• Livingroom Equipped with 52” LED Smart TV
PROPERTY FACTS
| Price | $3,900,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $487,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.85% | Building Size | 6,424 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | ||
| Zoning | R5 - a low-density residential district allowing for a variety of housing types, including one- and two-family houses, as well as small apartment buildings | ||
| Price | $3,900,000 |
| Price Per Unit | $487,500 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,424 SF |
| No. Stories | 4 |
| Year Built | 1921 |
| Zoning | R5 - a low-density residential district allowing for a variety of housing types, including one- and two-family houses, as well as small apartment buildings |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 00678-0067 | Improvements Assessment | $269,201 |
| Land Assessment | $4,051 | Total Assessment | $273,252 |
PROPERTY TAXES
Parcel Number
00678-0067
Land Assessment
$4,051
Improvements Assessment
$269,201
Total Assessment
$273,252
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31-64 41st St
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