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31-28 28th Road
Astoria, NY 11102
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B
What's Special
Prime Astoria Condo Development Site <ul><li>27' x 130' Lot Zoned R6B. 7,074 Buildable Sq. Ft. As-of-Right.</li><li>Located 2 blocks from the N/W Subway stop at 30th Avenue/31st Street.</li><li>Fully Detached Building reducing the cost of the demolition.</li><li>Waived parking requirements due to the location in a transit zone.</li><li>Thriving pocket of Astoria with condos exceeding $1,300/SF and rentals exceeding $65/SF.</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
