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26-04 18th St
Astoria, NY 11102 Hallett's Cove

Price Upon Request

Apartments For Sale  •  7,279 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,279 SF
  • Lot Size 0.06 AC
  • Building Class B
  • Year Built 1931
  • Zoning R6B/C1-3
77 Transit Score
90 Walk Score

Highlights

7 Apartments and 1 retail store (equipped as a laundry ready to re-open); Multiple Income Streams
Excellent Tax Shelter with good potential for equity appreciation
Low tenant turnover - Easy to rent, affordable housing units; All apartments have similar 5rm, 3br 'box-styled' layouts
Relatively new boilers; Gas heat; updated electric panels wi/curcuit breakers in bsmt & each apt; Fire-rated stell apt entrance doors
Relatively new front stoop, building entrance doors and recently paved rear courtyard
Offers an attractive cap rate at a time when Fed Res is planning several interest rate cuts

Financial Summary (Proforma)

Net Operating Income: $74,328 USD (2024)
Total Expenses: $99,422 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • On-Site Retail
  • Smoke Free
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer
  • Instant Hot Water
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) 7 min - 3.0 mi
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road) 8 min - 3.3 mi
Transit/SubwayDriveWalkDistance
Astoria Boulevard (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 13 min 13 min 0.7 mi
30 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 3 min 13 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 9 min - 3.4 mi
John F Kennedy International 24 min - 14.6 mi
Newark Liberty International 32 min - 19.5 mi