Retail/Apts Mixed Use 2530 Broadway

Investment Highlights

Heavy day time foot traffic Minutes walking to all the great restaurants and bars. New upscale buildings nearby Minutes walking to W and N subway; 15 minutes ride to Manhattan 100% Free Market

Executive Summary

3-Story Commercial Building on prime location in Astoria. It has additional air right for another floor.Ground floor is restaurant and bar, month to month ... 2200 sq. ft. store (which can be separated to 2 stores)2nd floor is 5 bedroom 2 bathrooms huge apartment, approximately $5900 per month income.3rd floor is also 5 bedroom 2 bathrooms huge apartment, also approximately $6600 per month income.All apartments are vacant with Free Market. 1988 built brick building. Broadway Subway Station to Manhattan just 5 minutes walking distance. Great for 1031 exchange, Investment property.Zone C1-4/R6A Lot 26x100Please call exclusive broker Hotel Real Estate GroupSimon LouPresident / CEOPhone: 917 328 3611Email: Hotel107@aol.com Or Jack PoonAgentPhone: 917 915 0674Email: Pwc11363@gmail.com

• Sale Type    Investment
• Sale Conditions    1031 Exchange 1031 Exchange Redevelopment Project 1031 Exchange
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Fast Food General Retail Restaurant Office Office Residential Storefront Retail/Residential
• Building Size    6,500
• Building Class    C
• Year Built    1988
• Price    4,500,000
• Price Per SF    692
• Cap Rate    6
• NOI    270,000
• Percent Leased    69
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    2.49
• Land Acres    0.06 AC

• Restaurant