The Stella: 30-93 44th Street
The Stella: 30-93 44th Street
East side of 44th Street between 31st Avenue & 30th Road
Astoria, NY
Astoria, NY
100% FREE MARKET & FULLY OCCUPIED 6-FAMILY WALK-UP | ASTORIA | FOR SALE
| Type | 100% Free Market, Fully Renovated 6-Unit Walk-Up |
|---|---|
| Neighborhood | Astoria, NY |
| Zoning Code | R5, C1-2 |
| Size | 5,635 SF |
| Stories | 3 |
| Units | 6 |
Investment Highlights:
The Stella is a boutique luxury loft building in the heart of Astoria, NY. The building was gut-renovated in 2022 and is complete with elegant condo finishes and only the highest quality materials with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms. All units feature in-unit split electric heating/cooling systems & washer/dryer units.
Comprised of six 100% free-market units over 5,635 square feet and three stories, The Stella is fully-leased and cash flowing. It is an ideal 1031 exchange opportunity for buyers seeking a beautifully renovated asset in a prime location.
- FULLY GUT-RENOVATED IN 2022 – 100% FREE MARKET
- 5.8% IN-PLACE CAP RATE
- IDEAL 1031 EXCHANGE: FULLY OCCUPIED & CASH-FLOWING
- IN-UNIT SPLIT ELECTRIC HEATING / COOLING SYSTEMS & WASHER / DRYER UNITS
- PROTECTED TAX CLASS 2A
- PRIME ASTORIA / LIC LOCATION – THREE BLOCKS TO THE [M, R] TRAINS AT 46TH STREET STATION
