25-34 36th Street , Building
Building · Astoria · $3,400,000
Amazing investment opportunity. 8 free-market apartments in extremely well-maintained building in the heart of Astoria. Elevator building located on a pristine tree-lined block 5 min walk to the NQ subway stop. Very close to Bohemian Hall & Beer Garden, Sweet Afton, Bareburger as well as the best shopping, dining and night-life in Astoria.
All units on a year-to-year lease. Building has 421a tax abatement. Current cap rate is 5.3%, with potential for a 7.1% cap rate.
Astoria is probably best known as the ethnic food mecca of New York City, stroll down any of the bustling avenues and you will find everything from quaint sidewalk cafes to welcoming neighborhood beer gardens. However, eating is only the tip of the iceberg when it comes to the cultural richness of this vibrant neighborhood. There's the Noguchi Museum, the Museum of the Moving Image, and the ever-popular Socrates Sculpture Park.
With Astoria emerging as viable alternative to Williamsburg, in terms of housing, here is your opportunity to invest in this rapidly climbing market
WebID: 116969 - Listing Courtesy of Nicole Gary