1423 Broadway Long Island City, NY 11106-4865
- Apartment buildings
- 13,338 SF
- 0.08 lot acres
Current Use by Public Records
- Boldly Beautiful Brows / Permanent Make-Up Clinic
Property Details for 1423 Broadway
- Year built
- 2017
- Lot size
- 0.08 lot acres
- Property size
- 13,338 SF
- Zone code
- R7A
- Property type
- Apartment buildings
- APN
- 00531-0015
- APU
- 5310015
Description
This exceptional 8-story apartment building at 1423 Broadway in Astoria, Queens, presents a compelling investment opportunity. Boasting 13,338 square feet, the property commands an asking price of $8,450,000, translating to a price per square foot of $633.53 and a price per unit of $528,125. Built in 2018, this well-maintained building features 16 units, comprised of 14 two-bedroom apartments and 1 one-bedroom apartment. Each unit is enhanced by the convenience of in-unit washer/dryer and private outdoor space. The property benefits from a strong net operating income (NOI) of $585,751, resulting in an attractive 6.93% capitalization rate. Situated in a desirable location within Queens County, New York, 11106, this property is zoned R7A, offering potential for future development or expansion. The building's modern construction and desirable amenities position it for strong rental demand and long-term appreciation. This is a rare opportunity to acquire a high-performing multifamily asset in a thriving New York City neighborhood. Financial details are available upon request. Serious inquiries only.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
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Location Insight
- Map
- Local Demand
- City
- Long Island City
- County
- Queens
- State
- New York
- Longitude
- -73.9327
- Latitude
- 40.7661
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
