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
• +/- 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 |
1 of 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
Parcel Number | 00541-1001 | Improvements Assessment | £648,999 |
Land Assessment | £85,190 | Total Assessment | £734,190 |
zoning
Zoning Code | R6B |