
Courtesy of: Joseph D. Ferone CBR, Weichert Realtors TMT Group, ferone1@mac.com
$1,589,000
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Lot: 0.06 Acres
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Other
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$1,589,000
20-14 29th St Astoria, 29th., st. 6 family building with vacant 1200 sq ft store front on ground floor formerly a bar. No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Pro forma annual Income $187, 000 Annual Expenses: Taxes $18, 630 Gas and Electric $9, 033 Insurance $11, 531 Water $7, 958 Misc Repairs $3, 300=$50, 542. NOI $136, 458. Cap Rate 8.58% Rent Increases in Rent Stabilized Homes: 1-year lease. 2.75%. 2-year lease 5.25%
Courtesy of: Joseph D. Ferone CBR, Weichert Realtors TMT Group, ferone1@mac.com
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