Off Market : NY Astoria Cas Cow Investment

[Chris Terborg]

30-35 14th St, Astoria, NY 11102

CORNER

Block: 00535 Lot: 0029

FIVE FAMILY BRICK NEW CONSTRUCTION

BUILD 2009 , EACH APARTMENT PAYS ITS OWN UTILITIES

Building dimensions 25 ft x 50 ft

Year built 2007

Semi-attached , Driveway

Lot dimensions 25 ft x 95 ft

Zoning districts R6B

Tenants pay all utilities

RENTS ARE BELOW FMV

1 floor Two bedroom /washer dryer $2500

2 L One bedroom /balcony $1750

2R One bedroom/balcony $1750

3L One bedroom/balcony $1750

3R One bedroom/ balcony $1750

Storage space in backyard rented to contractor for $450 a month

Yearly income: $149,400

Expenses Yearly:

Real Estate taxes: $7,564 (Tax abatement for 25 years started 2009 expires 2034)

Insurance: $1,506

Electric: $556.23

Water: $1,856

Total: $11,482.23

Icome - Expences * 13yrs = $1,792,932.31

Income - Expences *15yrs = $2,068,768.05

PRice of property - 1,650,00,0.00 (Buyer Pays Commissions)