42-20 34th Avenue, Astoria, NY, 11101
$1,850,000
Mixed Use
Commercial
Details
ML#: 821113
- # of Families: 3
- Sale or Rent:Sale
- Year Built: 1920
- Taxes: $7,192
- Status:Active
Description
Great Opportunity for an investor .. Corner property in a hight desirable Opportunity Zone in the heart of a major redevelopment area. 2 Large, Whole -floor residential units are without a lease and have potential for 100%+ rent increase. Building is violation-free and all up to code.Roof and skylight/hutch/coping all done in 2023. All utilities (gas heat) less than 8 years old. 2 market-rate residential units have no lease/can be delivered vacant (currently paying 50% below market). As-is can rent for $3, 000, fully renovated can rent for $3, 500 each.Store has lease in place until 2033 with rent at $3300 in 2025 and incremental increases until 2033.
More Property Details
Stories: 3
Heat: Natural Gas
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $7,192
Listing Information provided courtesy of
Americana Realty Group LLC
516-502-0550