Description
7 floor commercial / medical building in Astoria. (8.72% pro forma CAP RATE)
Basement paying $2500 monthly (new 5 year lease)
First Floor Currently Vacant (can get $5000 month)
Second Floor tenant paying $6700 month - month no lease in place
Third & Fourth Floor Tenant (Mount Sinai Paying $17,000 month for both floors)
FIfth floor paying $4500 monthly (new 10 year lease)
Sixth Floor vacant (can get $5000 monthly)
Expenses: $62,000
Cap Rate is pro forma on full occupancy
