Description

PRIME ASTORIA INVESTMENT OPPORTUNITY


CALLING ALL INVESTORS! This is a rare chance to acquire a 10-unit income-generating multifamily building in one of NYC's most sought-after neighborhoods. Perfect for savvy buyers looking for stable cash flow, long-term growth, and a prime location with high rental demand.


PROPERTY HIGHLIGHTS:
10 Residential Units – Ideal mix of unit types for strong occupancy and diverse income streams:
6 One-Bedroom Apartments
2 Two-Bedroom Apartments
2 Studio Apartments
8 Rent-Stabilized Units – Consistent, long-term income with reliable tenants
2 Free Market Units – Maximize rental potential and income
Building Size: 5,570 SQ FT

UNBEATABLE LOCATION:
Prime Astoria – Steps from subway stations, shops, top-rated restaurants, cafes, and more!
Surrounded by parks, schools, and a vibrant community, Astoria is one of NYC’s hottest rental markets.
Easy access to major roads and transportation options
.
TURNKEY INVESTMENT WITH HUGE UPSIDE:
Annual Gross Income: $172,000
Operating Expenses: $70,000
Net Operating Income (NOI): $102,000
Cap Rate: 4.08% – a strong return in a thriving, high-demand neighborhood!
Astoria is in high demand with limited inventory – don't miss your chance to own a stable, income-generating property with huge upside potential! Listing courtesy of Modern Spaces ...
More >