25-22 38th St, Astoria, NY 11103

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Created date: September 20, 2023
Date last updated: September 20, 2023

Property Description

Rare 5-Family in Excellent Condition – Stunning Astoria Architecture OWNER FINANCING AVAILABLE One of the few truly beautiful examples of refined pre-war architecture in Astoria. While many of the original details, both interior and exterior, have been wonderfully preserved, all of the units have been renovated and are free market. This detached building boasts over 3,500 square feet of living space PLUS a backyard, roof terrace and full, finished basement. 1st Floor: 2-bedroom apartment with a super spacious kitchen/dining area, granite counters and floors, large prep/dining island, lots of windows/natural light and sliding glass doors to access the back yard. 2nd & 3rd Floors: Each have two 1-bedroom apartments. Basement: Full-finished basement; can be accessed from both the 1st floor and the backyard; (potential to be duplexed with first floor unit for added income). *All tenants pay electric and cooking gas. Outdoors: -Large backyard (can be accessed from the side of the house and from the 1st floor apartment). -Finished rooftop for tenants’ recreational use. *All building mechanicals approximately 5 years old. All Units Free-Market Annual Rental Income: $148,200.00 Approximate Annual Expenses $23,475.23

Key Property Information

Listing Status: Available
Price: $2,400,000
No. of Units: 5
Year Built: 1919
Building Size: 2,394 Sq ft
Lot Size: 2,497.00 Sq ft
No. of Stories: 3
Zoning Code: R6B
Opportunity Zone: No
Price per unit: $480,000
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FINANCIAL DETAILS

Income/expense info: Actual

Additional contacts

Full name Phone number Email address
Carmela Vlacich 718 932 3800 [email protected]

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