42-20 34th Avenue, Astoria, NY, 11101 - MLS# 821113 - Steven Meyer

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42-20 34th Avenue, Astoria, NY, 11101 $1,850,000

Mixed Use Commercial

1 of 43

Details ML#: 821113

# of Families: 3
Sale or Rent:Sale
Year Built: 1920
Taxes: $7,192
Status:Active

Description

Great Opportunity for an investor .. Corner property in a hight desirable Opportunity Zone in the heart of a major redevelopment area. 2 Large, Whole -floor residential units are without a lease and have potential for 100%+ rent increase. Building is violation-free and all up to code.Roof and skylight/hutch/coping all done in 2023. All utilities (gas heat) less than 8 years old. 2 market-rate residential units have no lease/can be delivered vacant (currently paying 50% below market). As-is can rent for $3, 000, fully renovated can rent for $3, 500 each.Store has lease in place until 2033 with rent at $3300 in 2025 and incremental increases until 2033.

More Property Details

Property Features

Stories: 3

Appliances & Utilities

Heat: Natural Gas A/C: Wall/Window Unit(s) Water: Public Sewer: Public Sewer

Financial

Taxes: $7,192

Listing Information provided courtesy of Americana Realty Group LLC 516-502-0550

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- Steven Meyer
- Licensed Real Estate Salesperson
- Cell: (718) 564-9327
- Fax 718-225-3464
- Stevenmeyerhomes@gmail.com
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I want more details about this property: ML#: 821113, City: Astoria, Price: $1,850,000, Zip: 11101

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS

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