New Development Investment Rental Property
Listing
| Web ID: | 2601670 |
|---|---|
| Website: | https://www.nestseekers.com/2601670 |
Property
| Ownership: | Building with units for sale/rent |
|---|---|
| Type: | Multi-Family |
| Area: | 39745 sq ft |
Financials
Description
2008 construction, 5-story building, 36 apartments - all market rate, 100% leased. 4 studios, 32 one bedrooms. 19 parking spaces 421a till 2034. Yearly tax -$34,704
Apartments: Stainless steel appliances,stone counter tops, hardwood floors, dishwasher, washer & dryer inside the apartment, fitness center, roof patio
Building is located steps from the Astoria waterfront with landmarks such as the Socrates Sculpture Park, The Noguchi Museum and Rainey Park and is just a short distance to public transportation; train station, bus stop or Astoria Ferry terminal
1. Landlord charges current market rent
2. Investor can increase 1.5% for every lease extension
3. Investor increase up to legal rent on any vacant apartments
4. 15 years virtually no tax ($34,704 annual)
5. 2034 all apartments are free market rent
6. NOI - $859,000.00
Location
Contact
