3150 14th St, Astoria, NY 11106

03-13-2023
03-13-2023

31-50 14th St, Queens, NY 11106

Investment opportunity you won't want to miss: a recently converted 22-unit condo building (11 studios/10 one bedrooms / 1 two bedroom, 18,000SF total)  that's 100% occupied, complete with a 421A tax abatement in place until July 2027. This means that you'll benefit from significant property tax savings for years to come, making this a wise investment choice.

This prime location is just a 7-minute walk to the ferry and bus, and a 10-minute walk to the subway, making it a convenient choice for commuters. Plus, it's situated right next to Costco, Socrates Park, and major supermarkets, ensuring that tenants have easy access to all the essentials. Complex offers on-site parking for tenants.

 

 

 

 

Property Description

All apartments are equipped with washer, dryer, dishwasher and boast high-end finishes, including dark oak flooring, Frigidaire Professional Series stainless steel appliances, Grohe and Kohler fixtures, white quartz countertops, full-height backsplashes, and custom modern cabinetry. In-unit amenities such as washer, dryer, and dishwasher offer maximum convenience, while the building’s pet-friendly policy and dedicated dog playground on the 4th-floor rooftop cater to animal lovers.

maximum convenience, while the building’s pet-friendly policy and dedicated dog playground on the 4th-floor rooftop cater to animal lovers.

With an additional 125 individual condo units available in the complex, you'll have even more opportunities to grow your investment.

Financials are available upon request

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
Two Bedroom 1 1,554 $ 4,200
One Bedroom 10 770 $ 2,850
Studio 11 555 $ 2,300

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Mid-Rise
Price
$ 11,612,000
No. of Units
22
Cap Rate
0%
Building Size
18,000 Sq ft
Lot Size
0.50 acres
No. of Stories
5
Zoning Code
R6
Opportunity Zone
Yes
Price per unit
$ 527,818
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