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2414 43 street 2414 43rd St

6 Unit Block of Flats £1,333,497 (£222,249/Unit) 4.87% Net Initial Yield Astoria, NY 11103

Investment Highlights

  • High Occupancy rate, High Traffic Area,
  • Brick building, Income Producing property
  • Next to MTA, No vacancies, Paying tenants

Executive Summary

Get yourself a structurally sound, solid brick, detached, income producing multifamily
(6 units) in the heart of Astoria, Queens, New York. Everything you need is within
walking distance such as deli’s, restaurants, laundromat’s, places of worship,
supermarkets, and much more!
This location is conveniently off I-278, 30-minute commute to Manhattan,10 minutes to
LaGuardia airport, close walk to subway station, and right across the street from
the M42 bus stop.
The building is in good condition, solid brick and the small lower portion front of the
building has a stucco finish. There are 7 new gas meters. The roof is in good condition.
Two fuel tanks are in the basement one is relatively new.
Apartment information: All apartments are in good condition, have been well
maintained and have one-year leases. There are four two(2) bedroom apartments and
two-two(bedroom) apartments.
All tenants are great and pay the rent in a timely manner with no issues.
The gross annual income is approximately $127,000, after expenses the property nets
about $82,000 a year.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £1,333,497
Price Per Unit £222,249
Sale Type Investment
Net Initial Yield 4.87%
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.05 AC
Building Size 3,780 SF
Number of Floors 3
Year Built 1929
Parking Ratio 1.06/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Sprinkler System
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Walk-Up
  • Smoke Detector
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00688-0024
Land Assessment
£2,414 (2024)
Improvements Assessment
£119,158 (2024)
Total Assessment
£121,572 (2024)

zoning

Zoning Code R5
R5
  • Listing ID: 33556559

  • Date on Market: 17/10/2024

  • Last Updated:

  • Address: 2414 43rd St, Astoria, NY 11103

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