Property Highlights Location East side of 23rd St between 31st Ave and 30th Dr Block / Lot 570 / 24 Building Sq. Ft. 14,104 SF (approx.) Lot Sq. Ft. 5,550 SF (approx.) Lot Size 55.5’ X 100’ Residential Units 14 Stories 5 Assessment (17/18) $74,105 RE Taxes (W/ Abatement) $9,425.41 (Tax Class 2) Thomas A. Donovan Vice Chairman +1 718 512 2626 [email protected]Eugene Kim Director +1 718 512 2618 [email protected]Tommy Lin Director +1 718 512 2609 [email protected]118-35 Queens Blvd, 14th Fl. Forest Hills, NY 11375 Main +1 718 275 3400 Fax +1 718 275 5478 cushmanwakefield.com Robert Rappa Director +1 718 512 2601 [email protected]Property Description Cushman & Wakefield has been retained on an exclusive basis for the sale of 30-83 23rd Street, Astoria, Queens. The property is a newly constructed five-story, 14-unit elevator serviced lux- ury apartment building, located on the east side of 23rd Street between 31st Avenue and 30th Drive in Astoria, Queens, just a short walk to the 30th Avenue and Broadway subway stations, the Astoria Ferry, and numerous bus lines. The build- ing consists of fourteen (1) bedroom apartments with a balcony and luxury condo finishes, seven parking spaces, a community lounge area, a fitness room, and a common rooftop deck. The property is deemed eligible for 421-A partial tax exemption. This is an excellent opportunity for an investor with a 1031 exchange. All property inspections must be made by appointment only. Please contact exclusive agents for additional information. ASKING PRICE: $8,750,000 NEWLY CONSTRUCTED LUXURY ASTORIA APARTMENT BUILDING FOR SALE Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 30-83 23RD STREET, ASTORIA, NY 11102 30-83 23rd St 4.6% Cap Rate / 18.48 GRM
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Property HighlightsLocation East side of 23rd St between
Property DescriptionCushman & Wakefield has been retained on an exclusive basis for the sale of 30-83 23rd Street, Astoria, Queens. The property is a newly constructed five-story, 14-unit elevator serviced lux-ury apartment building, located on the east side of 23rd Street between 31st Avenue and 30th Drive in Astoria, Queens, just a short walk to the 30th Avenue and Broadway subway stations, the Astoria Ferry, and numerous bus lines. The build-ing consists of fourteen (1) bedroom apartments with a balcony and luxury condo finishes, seven parking spaces, a community lounge area, a fitness room, and a common rooftop deck. The property is deemed eligible for 421-A partial tax exemption. This is an excellent opportunity for an investor with a 1031 exchange. All property inspections must be made by appointment only. Please contact exclusive agents for additional information.
ASKING PRICE: $8,750,000
NEWLY CONSTRUCTED LUXURY ASTORIA APARTMENT BUILDING FOR SALE
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
30-83 23RD STREET, ASTORIA, NY 11102
30-8323rd St
4.6% Cap Rate / 18.48 GRM
NEWLY CONSTRUCTED LUXURY ASTORIA APARTMENT BUILDING FOR SALE
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
30-83 23RD STREET, ASTORIA, NY 11102
Revenue (actual/projected)
UNIT LXP TYPE STATUS SF R.P.S.F MONTHLY RENT ANNUAL RENT2A 11/30/18 1-Bedroom RS 630 $48.57 $2,550 $30,600
NEWLY CONSTRUCTED LUXURY ASTORIA APARTMENT BUILDING FOR SALE
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.