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37-11 9th Street Long Island City, NY 11101
$2,350,000
  • Commercial
  • 7000 SqFt
  • Year Built 1941
  • Retail
  • ML# 3593358

Property Details

Overview

Calling All Investors, Developers, & End-Users!!! 8 Unit Apartment Building In Astoria For Sale!!! The Property Features Excellent Signage, Great Exposure, M3-1 Zoning, High 8’ Ceilings, (8) 2 Br. Apartments, Separate Meters, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Astoria Only A Few Blocks From The Ed Koch Queensboro Bridge Offering Direct Easy Access To Manhattan!!! Neighbors Include Hilton Hotels, Marriott Hotels, Wyndham Hotels, Dodge-Jeep-Ram, Honda. T-Mobile, The Home Depot, CubeSmart Self Storage, Best Buy, Dunkin’, Planet Fitness, Marshalls, Michaels, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/The Next Home For Your Business!!! Income: Unit 1 (2 Br., 1 Bath): $24, 030 Ann. Unit 2 (2 Br., 1 Bath): $23, 620 Ann. Unit 3 (2 Br., 1 Bath): $23, 400 Ann. Unit 4 (2 Br., 1 Bath): $17, 383 Ann. Unit 5 (2 Br. 1 Bath): $26, 680 Ann. Unit 6 (2 Br., 1 Bath): $26, 823 Ann. Unit 7 (2 Br., 1 Bath): $24, 800 Ann. Unit 8 (2 Br, 1 Bath): $26, 861 Ann. Current Gross Income: $193, 597 Ann. Expenses: OIl: $8, 098.47 Ann. Electric: $720 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $4, 044.41 Ann. Taxes: $19, 750 Ann. Water: $5, 322 Ann. Total Expenses: $38, 184.88 Ann. Net Operating Income (NOI): $155, 412.12 Ann.

Key Facts

  • SqFt: 7000.00
  • Lot Sq Ft: 2523
  • Taxes: $19,750
  • Sale or Rent: Sale
  • Zoning: M2-3 Apt
  • Block: 359
  • Lot: 16

Additional Features

  • Parking Spaces: Yes
  • Parking Spaces: 6
  • Stories: 4

Interior & Utilities

  • Heat: Oil

Financial

  • Taxes: $19,750
Listing Information provided courtesy of All Island Estates Realty Corp  516-783-5600
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