FOR SALE: Studio Square 7-Unit Apartment Building
$2,100,000
35-41 34th Street, Astoria, NY 11106
107,371.89
NOI
2,500 sqft
Lot Area
Details:
Description:
Alex Isak Realty Services has been retained on an exclusive basis to arrange for the sale of a well located 7-family apartment building. 35-41 34th St in the “Studio Square” area of Astoria, located on the east side of 34th St just off of 36th Ave between 35th and 36th Avenue. The location is immaculate; located across the street from the “Frank Sinatra School of the Arts High School”, Kaufman Astoria Studios and Astoria Cinemas and the Museum of the Moving Image. The property is two blocks to the E, M & R 36th Street Subway Station. The property is three blocks to the 31st Street/36th Avenue N & W Train Station. The 3,569 SF property has Seven (7) apartments. Six of the units are two bedroom units and one unit is a one bedroom unit. All of the units have new or updated Kitchens and Bathrooms. All Electrical and Plumbing lines have been updated. The boiler is New. The average Preferential Rent in the building is $1,869/mth and the average Legal Rent is $2,539/mth. 35-41 34th Street has been family owned and operated for over 30 years. The property is also located in a Qualified Opportunity Zone.
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