43-16 25Th Ave Queens, NY 11103
- Apartment buildings
- 4,950 SF
Current Use by Public Records
- Apartment buildings
Property Details for 43-16 25Th Ave
- Year built
- 1929
- Property size
- 4,950 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained six-unit apartment building located at 43-16 25th Avenue in the vibrant Astoria neighborhood of Queens, New York. The property, built in 1929, boasts a total of 4,950 square feet spread across three stories in a single building. Currently generating a Net Operating Income (NOI) of $128,100, this property offers a compelling 6.10% capitalization rate, making it an attractive addition to any investor's portfolio. The asking price for this turnkey investment is $2,100,000. The property's prime location in Astoria provides easy access to public transportation, local amenities, and a thriving community. This is a rare chance to acquire a well-established multifamily property in a highly desirable area of Queens, New York. The solid financial performance and strong rental demand in the area make this a promising investment with significant potential for future growth and appreciation. The building's age presents an opportunity for value-add improvements, further enhancing its profitability. This is a must-see property for discerning investors seeking a stable and lucrative investment in the New York City real estate market. The zip code is 11103.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9088
- Latitude
- 40.7664