Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No

Financials

Price:$11,800,000
Annual Taxes:$13,395
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of All Island Estates Realty Corp

Description

Calling All Investors, Developers, & End-Users!!! Brand New 20,800+ Sqft. 100% Occupied 20 Unit Mixed-Use Building In Astoria For Sale!!! The Property Features Excellent Signage, Great Exposure, M1-2/R6A Zoning, High 11’ Ceilings, Low Property Taxes, 11 Parking Spaces, 19 Apartments, Separate Meters, Storage Area, Washers & Dryers, Elevator, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Astoria Only A Few Blocks From The Ed Koch Queensboro Bridge Offering Direct Easy Access To Manhattan!!! Neighbors Include UPS, Hilton Hotels, Marriott Hotels, Wyndham Hotels, T-Mobile, The Home Depot, CubeSmart Self Storage, Extra Space Storage, Best Buy, Dunkin’, Planet Fitness, Marshalls, Michaels, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Revel Fashion: $108,048.84 Ann.; Lease Exp.: 11/30/25 Apt 3A: (Studio) $32,136.00 Ann.; Lease Exp.: 9/1/25 Apt 3B: (1 Br., 1 Bath) $27,987.36 Ann.; Lease Exp.: 1/31/26 Apt 3C: (1 Br., 1 Bath) $35,013.48 Ann.; Lease Exp.: 5/31/26 Apt 3D: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 11/30/25 Apt 4A: (Studio) $30,538.92 Ann.; Lease Exp.: 3/31/26 Apt 4B: (1 Br., 1 Bath) $31,537.68 Ann.; Lease Exp.: 9/30/25 Apt 4C: (1 Br., 1 Bath) $31,164.48 Ann.; Lease Exp.: 4/30/27 Apt 4D: (1 Br., 1 Bath) $33,437.40 Ann.; Lease Exp.: 3/31/26 Apt 5A: (Studio) $30,825.00 Ann.; Lease Exp.: 2/28/26 Apt 5B: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 12/31/25 Apt 5C: (1 Br., 1 Bath) $36,000.00 Ann.; Lease Exp.: 7/31/25 Apt 5D: (1 Br., 1 Bath) $36,194.76 Ann.; Lease Exp.: 11/30/25 Apt 6A: (Studio) $28,103.76 Ann.; Lease Exp.: 2/28/26 Apt 6B: (1 Br., 1 Bath) $35,082.36 Ann.; Lease Exp.: 8/31/25 Apt 6C: (1 Br., 1 Bath) $31,087.56 Ann.; Lease Exp.: 7/31/25 Apt 6D: (1 Br., 1 Bath) $30,611.40 Ann.; Lease Exp.: 4/30/26 Apt 7A: (Studio) $29,664.00 Ann.; Lease Exp.: 8/31/25 Apt 7B: (1 Br., 1 Bath) $25,893.00 Ann.; Lease Exp.: 1/31/26 Apt 7C: (1 Br., 1 Bath) $35,269.80 Ann.; Lease Exp.: 2/28/26 Washer & Dryer: $19,320.00 Ann. Storage: $35,600. Ann. Parking: $38,400. Ann. Total Gross Income: $815,895.80 Ann. __________________ Expenses: Gas: $2,400 Ann. Electric: $7,200 Ann. Maintenance & Repairs: $3,000 Ann. Insurance: $8,000 Ann. Taxes: $13,395.28 2 Total Expenses: $33,995.28 Ann. Net Operating Income (NOI): $781,900.52 Ann.

Amenities

  • Electricity Connected

Calling All Investors, Developers, amp ; End Users !


    Long Island MLS

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.