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

Mixed Use Commercial  

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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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    • (718) 564-9327
    • 718-225-3464
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