25-10 38th Avenue
Long Island City,
NY
11101
Calling All Investors, Developers, & End-Users!!! Brand New 20, 800+ Sqft. 100% Occupied 20 Unit Mixed-Use Building In Astoria For Sale!!! The Property Features Excellent Signage, Great Exposure, M1-2/R6A Zoning, High 11’ Ceilings, Low Property Taxes, 11 Parking Spaces, 19 Apartments, Separate Meters, Storage Area, Washers & Dryers, Elevator, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Astoria Only A Few Blocks From The Ed Koch Queensboro Bridge Offering Direct Easy Access To Manhattan!!! Neighbors Include UPS, Hilton Hotels, Marriott Hotels, Wyndham Hotels, T-Mobile, The Home Depot, CubeSmart Self Storage, Extra Space Storage, Best Buy, Dunkin’, Planet Fitness, Marshalls, Michaels, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!Income:Revel Fashion: $108, 048.84 Ann.; Lease Exp.: 11/30/25Apt 3A: (Studio) $32, 136.00 Ann.; Lease Exp.: 9/1/25Apt 3B: (1 Br., 1 Bath) $27, 987.36 Ann.; Lease Exp.: 1/31/26Apt 3C: (1 Br., 1 Bath) $35, 013.48 Ann.; Lease Exp.: 5/31/26Apt 3D: (1 Br., 1 Bath) $36, 990.00 Ann.; Lease Exp.: 11/30/25Apt 4A: (Studio) $30, 538.92 Ann.; Lease Exp.: 3/31/26Apt 4B: (1 Br., 1 Bath) $31, 537.68 Ann.; Lease Exp.: 9/30/25Apt 4C: (1 Br., 1 Bath) $31, 164.48 Ann.; Lease Exp.: 4/30/27Apt 4D: (1 Br., 1 Bath) $33, 437.40 Ann.; Lease Exp.: 3/31/26Apt 5A: (Studio) $30, 825.00 Ann.; Lease Exp.: 2/28/26Apt 5B: (1 Br., 1 Bath) $36, 990.00 Ann.; Lease Exp.: 12/31/25Apt 5C: (1 Br., 1 Bath) $36, 000.00 Ann.; Lease Exp.: 7/31/25Apt 5D: (1 Br., 1 Bath) $36, 194.76 Ann.; Lease Exp.: 11/30/25Apt 6A: (Studio) $28, 103.76 Ann.; Lease Exp.: 2/28/26Apt 6B: (1 Br., 1 Bath) $35, 082.36 Ann.; Lease Exp.: 8/31/25Apt 6C: (1 Br., 1 Bath) $31, 087.56 Ann.; Lease Exp.: 7/31/25Apt 6D: (1 Br., 1 Bath) $30, 611.40 Ann.; Lease Exp.: 4/30/26Apt 7A: (Studio) $29, 664.00 Ann.; Lease Exp.: 8/31/25Apt 7B: (1 Br., 1 Bath) $25, 893.00 Ann.; Lease Exp.: 1/31/26Apt 7C: (1 Br., 1 Bath) $35, 269.80 Ann.; Lease Exp.: 2/28/26Washer & Dryer: $19, 320.00 Ann.Storage: $35, 600. Ann.Parking: $38, 400. Ann.Total Gross Income: $815, 895.80 Ann.__________________Expenses:Gas: $2, 400 Ann.Electric: $7, 200 Ann.Maintenance & Repairs: $3, 000 Ann.Insurance: $8, 000 Ann.Taxes: $13, 395.28 2Total Expenses: $33, 995.28 Ann.Net Operating Income (NOI): $781, 900.52 Ann.
Presented By: All Island Estates Realty Corp
516-783-5600
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