New Development Investment Rental Property
| Website: | https://www.nestseekers.com/2601670 |
|---|---|
| Address: | 12-22 30th Ave Queens, NY 11102 |
| Ownership: | Building with units for sale/rent |
|---|---|
| Type: | Multi-Family |
| Area: | 39745 sq ft |
Financials
| Price: | $18,000,000 |
|---|---|
| Annual Taxes: | $34,704 |
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
Contact
 | Licensed Associate Real Estate Broker Mobile: +1917-528-2691 Phone: +1212-252-8772 |
415 Madison Avenue New York, NY 10017 Phone: +1212-252-8772 Fax: +1212-252-9347 |
