Updated 7 years ago
Sold
12-18 27th Ave
Astoria, Queens | 12th Street & 14th Street
12 Rooms6 Beds3 Baths2,605 Square FeetMulti-Family
$1,600,000
floors / apts3 / 3
Lot Size25'x98'
Built Size23'x37'
ZoneR4
Building TypeHouse
RE Taxes$11,028
Price Per SF
$614
This property was sold for $1,550,000 on 08/23/19.
Outdoor space and views
- Balcony
- Terrace
Property Description for 12-18 27th Ave
GREAT INVESTMENT OPPORTUNITY IN ASTORIA!!!
CURRENT CAP RATE of 3.4% AT BELOW MARKET RENTS. 4.5% CAP WITH CURRENT MARKET RENTS.
12-18 27th Avenue sits on the South West corner of 27th Avenue and 14th Street in a quiet and beautifully maintained residential area of Astoria. The lot measures 25’ x 98’ with a lot size of 1,861 sq.ft. The building’s dimensions measure 23’ x 37’. This 3-story multi-family building is comprised of 3 individual units with 2 bed/1 bath layouts totaling 2,607 sq.ft and a very large 869 sq.ft basement with 12’ high ceilings. The second and third floor units have a balcony and additionally there are also 2 parking spaces on the property which are currently being rented out. The building has a resident manager and tenants in place with their leases ending in December 2019.
The building is conveniently located close to many public transportation options including the Astoria Boulevard and 30 Avenue N/W subway stations and several major bus lines along Astoria Boulevard, 21st Street, 30th Avenue, Vernon Boulevard and Hoyt Avenue. The building also affords easy access to the Grand Central Parkway, Brooklyn Queens Expressway, Long Island Expressway, Ed Koch Queensboro Bridge and the Robert F. Kennedy Bridge.
The building is within immediate access to the bustling neighborhood and its many shops and restaurants as well as beautiful Astoria Park with its wonderful facilities which include a popular public pool, tennis courts, basketball courts, skate park and children’s playgrounds. Randalls Island and its many facilities are a short 15-mintues drive as well as Costco in Long Island City, a short 10-minute drive.
**Compass Coming Soons are simultaneously syndicated to the RLS
Listing History for 12-18 27th Ave
Now
08/23/2019
$1,550,000
Sold and Closed by Brandon Trentham
Compass
07/11/2019
Contract Signed by Brandon Trentham
Compass
Building Details for 12-18 27th Ave
OwnershipMulti-Family
Building TypeHouse
AgePost-War
AccessWalk-up
Year Built1991
Floors/Apts3/3
Transit and Citi Bike
Citi Bike
27 Ave & 9 St
0.1 miles
30 Ave & 12 St
0.17 miles
Ferry
Astoria
0.36 miles
Astoria | Queens
Quick Profile
Although Astoria is largely a residential neighborhood, it is filled with unique mom-and-pop shops, trendy boutiques, a plethora of dining options representing cuisines from around the world, and lush green spaces where you can relax, walk along the East River, or just enjoy the Manhattan skyline.
The atmosphere is laid back and almost small-town. In addition to luxury condos, pre-war buildings, single-family and semi-detached brick buildings, you will find low-rise buildings with apartments available at lower rents than are available in nearby Manhattan. If you enjoy shopping, you will find everything from locally handcrafted apparel and decor items to vintage treasures just waiting to be repurposed.
Astoria has long been known as a hub of Greek culture, with a burgeoning Greek community. You can barely walk a block without an opportunity to eat Greek food or experience some aspect of Greek culture. The Italian community is also quite large and well-represented in Astoria. Lately, there has been an influx of immigrants from all corners of the globe, making Astoria truly multicultural, and giving rise to eateries that offer unique gastronomic treats.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 76463TH
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