Description

Papp Realty was exclusively retained to represent the sale of an 8-unit building in a prime Astoria location, only five minutes' walk to 30th Avenue and the N/W subway line.

The property was built in 2016 and features seven units: 6 one-bedroom apartments and 2 two-bedroom duplex apartments (with 1.5 bathrooms in each) with a huge backyard.

All the units have separate boilers for heat and hot water, which the tenants pay for. The property is in pristine condition.

Expenses ---------- $32,160
Gross Income ----- $197,400
Net Income ------- $165,240