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3334 29th St 6 Unit Apartment Building $1,350,000 ($225,000/Unit) 6.49% Cap Rate Astoria, NY 11106
Investment Highlights
- Rent Stabilized 6-Family in Prime Astoria,Queens For Sale
- The building offers six rent stabilized apartments, with three of the units having preferential rents, and the remaining three being at the legal rent
- The subject property is located in between 33rd and 34th Avenues, on the west side of 29th Street
- The property is located just a short walk from the Broadway/31st St stop on the N/W subway lines
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 33-34 29th St in Astoria, Queens. The subject property is located in between 33rd and 34th Avenues, on the west side of 29th Street.
The building offers six rent stabilized apartments, with three of the units having preferential rents, and the remaining three being at the legal rents.
The property is located just a short walk from the Broadway/31st St stop on the N/W subway lines.
The building offers six rent stabilized apartments, with three of the units having preferential rents, and the remaining three being at the legal rents.
The property is located just a short walk from the Broadway/31st St stop on the N/W subway lines.
Property Facts
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.49% | Building Size | 3,795 SF |
| Gross Rent Multiplier | 9.84 | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| Gross Rent Multiplier | 9.84 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,795 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1921 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00582-0115 | Improvements Assessment | $156,957 |
| Land Assessment | $1,612 | Total Assessment | $158,569 |
Property Taxes
Parcel Number
00582-0115
Land Assessment
$1,612
Improvements Assessment
$156,957
Total Assessment
$158,569
Contacts
-
Sal Monteverde -
Donal Flaherty -
Tom Reynolds -
Karan Khanna -
Investment Property Realty Group
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3334 29th St
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