BEDS0
BATHS
MLS#847324
STATUSPending
PROPERTY TYPECommercial -
Property Description
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%
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Heating: Natural Gas
Lot Size: 0.06 Acres
Stories: 4.0
Taxes: $20,204
Year Built: 1931
Feature Descriptions
Building Area Total: 6101
Cap Rate: 8
Days on Site: 444
Exterior: Brick
Fencing: Back Yard
Heating Units: 1
House Faces: East
Maintenance Expense: 1200
Maintenance Expense: 1200
On Market Date: 2025-04-11
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 7
Separate Gas Meters: 6
Sewer: Public Sewer
Units: 6
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Weichert Realtors TMT Group
Agency Contact: 917-270-8080
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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20-14 29th St Astoria, 29th., St. | MLS# 847324
This commercial property located at 20-14 29th St Astoria, 29th., St., Astoria, NY 11105 is currently listed for sale with an asking price of $1,589,000. Search Astoria real estate on www.joycerealty.com today.