20-14 29th Street, Astoria, NY 11105
- $1,589,000
- List Price
- $1,589,000
- Status
- ACTIVE
- MLS#
- 1071220
- Year Built
- 1931
- Days on Market
- 4
- Acres
- 0.06
- County
- Queens
- City Orig
- Astoria
- Lot Size
- 2500
Property Description
6 family building with vacant 1200 sq ft store front on ground floor formerly a bar. No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Pro forma annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Cap Rate 8.58% Rent Increases in Rent Stabilized Homes: 1-year lease. 2.75%. 2-year lease 5.25%
Additional Information
- Heating
- Natural Gas
- Cooling
- None
- Sewer
- Public Sewer
- Stories
- 4
- School District
- Contact Agent
- Sq Ft
- 2500
- Taxes
- $20,204
- Parking
- On Street
- Water
- Public
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Listing courtesy of Listing Agent: Joseph D. Ferone CBR (ferone1@mac.com) from Listing Office: Weichert Realtors TMT Group.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.