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40 Unit Elevator Apartment Building

27-37 27th Street, Astoria
Description

A 4-story elevatored apartment building containing 40 residential units, 18 parking spaces and a laundry room. There is upside in current rents along with the possibility to add a full floor above. The elevator already goes to an unoccupied room on the 5th floor. During the recent conversion to residential property, the building structure was reinforced and plumbing and electrical lines were “stubbed up” in anticipation of adding the 5th floor. A penthouse may also be possible. Additionally, medical space could be added to the lower level.

Listing Highlights
Price:$11,500,000
Type:Multi-family
Pets:No Pets
Status:Closed
ID:64987
Agents