43-18 25th Ave

For Sale$7,500,000

4318 25th Ave, Astoria, NY 11103

  • Mixed Use

43-18 25th Ave, Astoria, NY 11103 - Mixed Use Space

43-18 25th Ave is located at 4318 25th Ave in the South Astoria neighborhood, NY, Astoria, 11103. The Mixed Use building was completed in 1911 and features a total of 14,400 Sqft.

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Details

  • Sale Price $7,500,000
  • City Astoria
  • Neighborhood South Astoria
  • Zip Code 11103
  • Property Type Mixed Use
  • Property Size 14,400 Sqft
  • Lot Size 4,000 Sqft
  • Property Tenancy Multi-Tenant
  • Year Built 1911
  • Date Updated 07 Jan, 2021

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Description

Fully renovated units. All 12 units achieving fair market rents have been newly renovated with excellent craftsmanship and attention to detail. They feature hardwood floors and granite kitchen tops demanding top of the market rents. This asset is a combination of pre- war exterior with a beautifully updated constructed interior, offering a lifestyle rarely seen in this neighborhood due to the older housing stock.

Long Term Retail + Free Market Units. All market rate residential units have been fully gut renovated and are achieving market rents with the exception of apartments 5 & 11, allowing the owner to instantly capitalize on the residentially dense rental growth. This building features a diverse and attractive mix consisting of 7 two-bedrooms ($2,581/avg), 6 three-bedrooms ($2,946/avg), and 1 one- bedroom ($2,150/avg).

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 43-18 25th Ave?

43-18 25th Ave totals 14,400 square feet.

When was this property built?

43-18 25th Ave was built in 1911.

South Astoria Demographics

The average household income in zip code 11103 is $92,748, from a total of 15,512 households. In terms of employment, there are 88.41 % white-collar and 11.59 % blue-collar jobs in zip code 11103.

Population

  • Total Population46,216
  • Male Population(48.7 %) 22,514
  • Female Population(51.3 %) 23,702
  • Median Age35.00

Income/Financial

  • Average Household Income$82,352
  • Median Household Income$72,382
  • Median Income Under 25$61,744
  • Median Income 25-44$92,330
  • Median Income 45-64$66,851
  • Median Income Over 65$32,639

Attachments

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Alex Kalb

Marcus & Millichap

(718) 475-4313

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