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30-17 30th Avenue
Astoria, NY 11102
Asking Price
$2.75M
Cap Rate
4.5%
Asset Type
Apartment Building Mixed-use
Class
Class B
What's Special
Mixed Use | 4.50% CAP | 2,970 SqFt <p>The property has been owned and meticulously maintained by the same family for approximately 35 years, resulting in a minimal violation count and strong overall condition. While the apartments are well-kept, rents have not been fully optimized, presenting a clear opportunity for an investor to renovate units to a higher standard and capture significant upside in a high-demand rental market. A conservative renovation program will result in doubling the residential rent roll. In addition, the p
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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995
