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21-10 31st Avenue
Astoria, NY 11106
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily <ul><li>421-a tax abatement in place</li><li>12,534 SF building, 8 stories</li><li>15 units (10 balconies, 1 terrace, 1 large patio)</li><li>Built in 2025</li><li>Zoned R7A/C2-3</li><li>Prime Rental Units or Condo Sales potential</li><li>$632,364 pro-forma rental income</li><li>13 1-bedroom units + one 2-bedroom PH unit</li><li>One commercial space on ground floor</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
