25-10 38th Avenue

Description

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.: 11/30/25 Apt 3A: (Studio) $32,136.00 Ann.; Lease Exp.: 9/1/25 Apt 3B: (1 Br., 1 Bath) $27,987.36 Ann.; Lease Exp.: 1/31/26 Apt 3C: (1 Br., 1 Bath) $35,013.48 Ann.; Lease Exp.: 5/31/26 Apt 3D: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 11/30/25 Apt 4A: (Studio) $30,538.92 Ann.; Lease Exp.: 3/31/26 Apt 4B: (1 Br., 1 Bath) $31,537.68 Ann.; Lease Exp.: 9/30/25 Apt 4C: (1 Br., 1 Bath) $31,164.48 Ann.; Lease Exp.: 4/30/27 Apt 4D: (1 Br., 1 Bath) $33,437.40 Ann.; Lease Exp.: 3/31/26 Apt 5A: (Studio) $30,825.00 Ann.; Lease Exp.: 2/28/26 Apt 5B: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 12/31/25 Apt 5C: (1 Br., 1 Bath) $36,000.00 Ann.; Lease Exp.: 7/31/25 Apt 5D: (1 Br., 1 Bath) $36,194.76 Ann.; Lease Exp.: 11/30/25 Apt 6A: (Studio) $28,103.76 Ann.; Lease Exp.: 2/28/26 Apt 6B: (1 Br., 1 Bath) $35,082.36 Ann.; Lease Exp.: 8/31/25 Apt 6C: (1 Br., 1 Bath) $31,087.56 Ann.; Lease Exp.: 7/31/25 Apt 6D: (1 Br., 1 Bath) $30,611.40 Ann.; Lease Exp.: 4/30/26 Apt 7A: (Studio) $29,664.00 Ann.; Lease Exp.: 8/31/25 Apt 7B: (1 Br., 1 Bath) $25,893.00 Ann.; Lease Exp.: 1/31/26 Apt 7C: (1 Br., 1 Bath) $35,269.80 Ann.; Lease Exp.: 2/28/26 Washer & 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 2 Total Expenses: $33,995.28 Ann. Net Operating Income (NOI): $781,900.52 Ann.