3038 31st St
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3038 31st St
10 Unit Block of Flats £5,059,444 (£505,944/Unit) 6.73% Net Initial Yield Astoria, NY 11102
Investment Highlights
- High traffic area
- Premium luxury finishes ; experienced builder
- Close to subway station
Executive Summary
Brand new construction located in the heart of Astoria, Queens...
-6- story free market elevator building
-8 residential units , 1 retail space and 1 community facility
-Modern finishes throughout with w/d in every unit and separate utilities .
-Prime location ; steps to 30th Avenue station
Can be delivered vacant – possible condo conversion or 1031 exchange purchase.
-6- story free market elevator building
-8 residential units , 1 retail space and 1 community facility
-Modern finishes throughout with w/d in every unit and separate utilities .
-Prime location ; steps to 30th Avenue station
Can be delivered vacant – possible condo conversion or 1031 exchange purchase.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£365,221
|
£47.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£365,221
|
£47.43
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£54,516
|
£7.08
|
| Net Operating Income |
£310,705
|
£40.35
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £365,221 |
| Annual Per SF | £47.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £365,221 |
| Annual Per SF | £47.43 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £54,516 |
| Annual Per SF | £7.08 |
| Net Operating Income | |
|---|---|
| Annual | £310,705 |
| Annual Per SF | £40.35 |
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Deck
Site Amenities
- Laundry Facilities
- Recycling
- Smoke Free
- Lift
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 1 | £4,314 | - |
| 1+1 | 6 | £2,510 | - |
| 2+2 | 1 | £3,922 | - |
1 of 1
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 00593-0041 | Improvements Assessment | £79,645 |
| Land Assessment | £39,325 | Total Assessment | £118,970 |
PROPERTY TAXES
Parcel Number
00593-0041
Land Assessment
£39,325
Improvements Assessment
£79,645
Total Assessment
£118,970
zoning
| Zoning Code | C4-3 (The C4-3 zoning district is a General Commercial Zoning District with residential and commercial uses.) |
| C4-3 (The C4-3 zoning district is a General Commercial Zoning District with residential and commercial uses.) |
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3038 31st St
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