32-47 48th St
Astoria, NY 11103
6 Family Building · Multifamily Property For Sale
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6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 5,550 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | B | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,550 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
About 32-47 48TH ST , ASTORIA, NY 11103
This property is located between Northern Boulevard and Broadway only ½ block to the M & R train station. This building has 6 - 3 bedroom railroad apartments. All units are rent stabilized & 1 apt. has SCRIE. The building also has a full basement with access to the backyard. This building has below market rents with tremendous upside as rents in the area have escalated. 48th street 1/2 block to Northern Boulevard or Broadway Income: Apt 1R - $ 1,083 (access to backyard) Apt 1L - $ 1,065 Apt 2R - $ 1,153 Apt 2L - $ 1,189 Apt 3R - $ 1,160 Apt 3L - $ 967_ (pays $725 balance $242 scrie) $ 6,617 Monthly = $ 79,404 Annually Expenses: Heat expenses- $ 7,800 (oil heat) Electric- $ 1,000 Insurance- $ 1,850 Repairs/Maint- $ 4,000 Water/Sewer- $ 6,100 (flat rate unlimited usage) Property Taxes-$12,423(2016-2017) $ 33,173 Annual Expenses N.O.I: $46,231
Property Taxes
| Parcel Number | 00734-0020 | Improvements Assessment | $160,151 |
| Land Assessment | $2,825 | Total Assessment | $162,976 |
Property Taxes
