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Investment Highlights

  • 6 free market units

Executive Summary

Bank Owned Opportunity!
Astoria/LIC 6 Unit Free Market FOR SALE!
This is a great CONDO coversion or make it a renal Cash Cow!
Presenting a remarkable investment opportunity Astoria, NY —Gut RENOVATED renovated six-unit apartment building Prior to 2019 nestled in the heart of Astoria. This property offers six free-market apartments, providing flexibility for potential rental income. The building spans 5,570 square feet.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $457,872 $82.20
Other Income - -
Vacancy Loss - -
Effective Gross Income $457,872 $82.20
Taxes $29,579 $5.31
Operating Expenses $12,977 $2.33
Total Expenses $42,557 $7.64
Net Operating Income $415,315 $74.56

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $457,872
Annual Per SF $82.20
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $457,872
Annual Per SF $82.20
Taxes (CAD)
Annual $29,579
Annual Per SF $5.31
Operating Expenses (CAD)
Annual $12,977
Annual Per SF $2.33
Total Expenses (CAD)
Annual $42,557
Annual Per SF $7.64
Net Operating Income (CAD)
Annual $415,315
Annual Per SF $74.56

Property Facts

Price $3,833,730 CAD
Price Per Unit $638,955 CAD
Sale Type Investment
Cap Rate 10.74%
Sale Conditions
Build to Suit
  • REO Sale
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 5,570 SF
Average Occupancy 0%
No. Stories 3
Year Built/Renovated 1928/2019
Zoning R5 - R5 Zoning in NYC is a low density contextual residential zoning district

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 6 - -
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
00697-0089
Land Assessment
$4,553 CAD
Improvements Assessment
$266,028 CAD
Total Assessment
$270,580 CAD
Annual Taxes
$29,579 CAD ($5.31 CAD/SF)
Tax Year
2026
  • Listing ID: 35267105

  • Date on Market: 2024-11-14

  • Last Updated:

  • Address: 3060 44th St, Astoria, NY 11103

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