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20-20 23 St., Queens, NY 11105

Active Listing
Listing Details:
$1,895,000 Price
Townhouse Property Type
New York City Neighborhood
6 Beds
4 Baths
-- Approx. Sq. Ft.
Key Features:
Allows Pets
Unit Balcony
Unit Garden
Unit Laundry

Investors this is a rare opportunity on this block! This attached brick, fully renovated legal three-family home built in 1945 awaits you. With 2,772 square feet to maximize your rental income. On the first and second floors are two large two bedroom apartments featuring hardwood flooring throughout, marble bathrooms with new fixtures, cherry wood cabinets, granite countertops, stainless steel appliances, balconies and in-unit washer/dryers. On the basement level is a fully renovated two bedroom/convertible three bedroom apartment with backyard access, featuring, stainless steel appliances and granite countertops. This is a full turn key, income producing investment. Situated on a 3,300 square foot lot with additional air-rights to build up, the backyard area has a detached two-car garage with additional storage space(access via neighboring residents only alley). This home truly unique from top to bottom. Located on a beautiful quiet tree lined block with just a short walk to the Q69 Bus, and Ditmars N,W subway stop, the famous Astoria Park and waters edge with exquisite views of the city. Surround yourself with the best restaurants, schools and shops that Astoria has to offer.

Additional Property Details:

Block: 882 Lot: 60
Legal three-family home
Zoning District: R5
Building Class: C0
Lot: 3,300 Sq Ft
CAP Rate: 4.16%

Flat roof with rubber: 12 years old
Boiler: 7 years old
Hot water heater: 3 years old
Meters: 3 separate

Property Taxes: $8,779.26/year
Water/Sewer: $3,500/year
Insurance: $2,800/year
Heat, Gas and Electric(for basement) - $3,500/year

First floor apartment - (Lease expires Oct 2020) (same layout and renovations as the second floor)
Two Bedroom/One Bathroom - $2,650/monthly rent roll includes heat and hot water- renovated one year ago

Second floor apartment - NO LEASE (Month to Month) - (same layout and renovations as the first floor)
Two Bedroom/One Bathroom - $2,300/monthly rent roll, includes heat and hot water - renovated two years ago.
(projected rent $2,700/monthly rent roll)

Basement apartment - (Lease expires April 2020)
Two Bedroom/Convertible Three - $2,800/monthly rent roll, includes all utilities

Two car garage with additional storage
Garage - $300/monthly rent roll

Current Yearly Gross Income: $96,600
Projected Gross Income: $101,400

Dont miss this rare opportunity

Listing courtesy of Mdrn Residential

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