28-32 44th St 12 Unit Block of Flats £2,111,562 (£175,964/Unit) 6.44% Net Initial Yield Astoria, NY 11103
INVESTMENT HIGHLIGHTS
- Annual Rent Roll: $277,139
- Rent roll and expenses available by request, and proof of funds/pre-approval required prior to showing.
- Property Taxes: $26,066
EXECUTIVE SUMMARY
Welcome to 28-32 44th Street, a completely detached, four-story, 12-unit rent-stabilized building situated just off 30th Avenue in the heart of Astoria, Queens. This exceptional investment property features a full basement and three distinct one-bedroom layouts, providing flexibility and appeal to a variety of tenants. Each of the 12 one-bedroom units is thoughtfully designed with plenty of windows, ensuring an abundance of natural light throughout the building. The property’s detached structure enhances privacy and ventilation, making it even more desirable for tenants. Astoria remains one of the most sought-after rental markets, ensuring strong occupancy rates and consistent rental income. With its proximity to major transit, vibrant dining, and retail corridors, this property presents a compelling opportunity for investors seeking long-term value appreciation in a high-demand neighborhood.
PROPERTY FACTS
| Price | £2,111,562 |
| Price Per Unit | £175,964 |
| Sale Type | Investment |
| Net Initial Yield | 6.44% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,340 SF |
| Number of Floors | 4 |
| Year Built | 1928 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Bath/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled Heating
- Smoke Free
- Smoke Detector
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 00699-0033 | Improvements Assessment | £133,873 |
| Land Assessment | £29,210 | Total Assessment | £163,083 |
ZONING
| Zoning Code | R5 |
