Corner Multifamily Elevator 1810 27th Ave

17 Unit Block of Flats £4,699,682 (£276,452/Unit) 7.30% Net Initial Yield Astoria, NY 11102

Investment Highlights

  • 7.3% cap rate
  • 2005 Construction
  • Tax Abatement until 2033

Executive Summary

• Prime Astoria 4-Story Corner Multifamily
• +/- 18,880 Square Feet – Built in 2005
• 17 Apartments & 7 Parking spaces
• 25-year 421a Tax Abatement expiring in 2033
• Located by Astoria Blvd & 27th Ave
• Long Term Ownership – First sale in 20+ Years

Property Facts

Price £4,699,682
Price Per Unit £276,452
Sale Type Investment
Net Initial Yield 7.30%
No. Units 17
Property Type Residential
Property Subtype Apartment
Building Class B
Lot Size 0.35 AC
Building Size 18,883 SF
Number of Floors 4
Year Built 2005
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (86)

PROPERTY TAXES

zoning

Zoning Code R6B
  • Listing ID: 34478787

  • Date on Market: 14/01/2025

  • Last Updated:

  • Address: 1810 27th Ave, Astoria, NY 11102