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4111 28th Ave 23 Unit Apartment Building $4,200,000 ($182,609/Unit) 6.26% Cap Rate Astoria, NY 11103
EXECUTIVE SUMMARY
Now Available , Income producing asset in the heart of Astoria, one of Queens' most dynamic and in demand neighborhoods. This well- maintained 23- Unit Building features a desirable mix of one, two, and three bedroom apartments- all fully leased -making it a turn-key investment with strong in-place income and long-term growth potential.
Located at 41-11 28th Avenue, the property sits on a quiet, -tree lined block just moments from the bustling 30th Avenue and Broadway corridors, known for their vibrant dining, shopping, and cafe culture. Residents enjoy easy access to public transportation- including the N,W, R/M subway lines, offering a fast commute to Midtown Manhattan - as well as proximity to neighborhood staples such as Astoria Park, Museum of the Moving Image, and Kaufman Astoria Studios.
This property presents a rare opportunity to own a stable, appreciating asset in one of New York City's most desirable and livable enclaves.
Located at 41-11 28th Avenue, the property sits on a quiet, -tree lined block just moments from the bustling 30th Avenue and Broadway corridors, known for their vibrant dining, shopping, and cafe culture. Residents enjoy easy access to public transportation- including the N,W, R/M subway lines, offering a fast commute to Midtown Manhattan - as well as proximity to neighborhood staples such as Astoria Park, Museum of the Moving Image, and Kaufman Astoria Studios.
This property presents a rare opportunity to own a stable, appreciating asset in one of New York City's most desirable and livable enclaves.
PROPERTY FACTS
| Price | $4,200,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $182,609 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.26% | Building Size | 19,235 SF |
| No. Units | 23 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | ||
| Zoning | R6A - Multi Family Dwelling | ||
| Price | $4,200,000 |
| Price Per Unit | $182,609 |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 19,235 SF |
| No. Stories | 5 |
| Year Built | 1924 |
| Zoning | R6A - Multi Family Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 00685-0003 | Improvements Assessment | $465,390 |
| Land Assessment | $120,780 | Total Assessment | $586,170 |
PROPERTY TAXES
Parcel Number
00685-0003
Land Assessment
$120,780
Improvements Assessment
$465,390
Total Assessment
$586,170
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4111 28th Ave
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