new construction condo/rental elevator building · new construction condo/rental elevator building...
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New construction Condo/Rental Elevator Building
Price Available Upon Request
Block / Lot 00502-0022
Lot Dimensions 25’ x 95’
Lot Area 2,375 sq ft
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Building Dimensions 24.67’ x 61’
Existing Size 9029 sqft
Stories 6
Unit Mix 7 one beds one bath &
2 three beds two baths
Zoning R7A
Year Built 2019
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Real Estate Taxes (19/20)
Projected Income Size (SF) Projected monthly Rent
Projected Annual Rent
Unit 1 622 sqft +822 Garden $3250
Unit 2 1220 sqft (3BR 2BA) $5200Unit 3A 610 sqft + 20 sqft
balcony $2800Unit 3B 610 sqft + 55 sqft
balcony $2875Unit 4A 610 sqft + 20 sqft
balcony $2925Unit 4B 610 sqft + 55 sqft
balcony $3000Unit 5A 610 sqft + 20 sqft
balcony $3075Unit 5B 610 sqft + 55 sqft
balcony $3150Unit 6 1220 sqft (3BR 2BA)
+75 sqft balcony $5630Projected Total Gross Rent
$382,860
RENT PROJECTIONS
$31,905
INCOME TOTALProjectedGROSS INCOME
$382,860
Projected ExpensesReal Estate Taxes $9,562Water & Sewer $6,417Insurance $8,000Electricity $9,600Service Contracts (elevator &sprinkler)
$6,000
Management Fee $12,000
Total Expenses -$51,579
Net Operating Income $331,281
Welcome to Long Island City. Embrace the heartbeat of Queens at Eleven28. Full of personality, this intimate condominium residence defines the best of LIC. With just nine units, Eleven28 stands out at 11-28 31st Drive as a friendly community where everyone feels right at home, where lifestyle meets affordable luxury.
The comfortably-sized one, two and three bedroom units — ranging from 610 to 1,220 square feet —feature a tasteful blend of contemporary style and convenience, designed with clean modern lines and premium finishes. The versatile interiors are crafted with exceptional in-demand elements, including birch white wood flooring and expansive windows that bring the outside in with welcoming natural light.
Explore your culinary passion in the thoughtfully crafted kitchens. Each is elegantly composed with lacquered high gloss white custom cabinetry, white Caesarstone countertops, a Fisher & Paykalrefrigerator, Bosch dishwasher, GE range with Kitchen hood that vents out.
The serenely chic bathrooms are outfitted with a lacquered high gloss white vanity, white granite countertops, Kertiles Carrara porcelain tiling, Kohler bathtub with rainfall shower, and best-in-class chrome stainless steel fixtures.
Select units feature private balconies that extend your living space.
Amenities include a ground floor laundry room with commercial-grade washers/dryers and bike storage.
Eleven28 is centrally located — near LIC and Astoria’s outstanding restaurants, nightlife and shopping —with easy access to Manhattan and elsewhere. Situated nearby Socrates Sculpture Park and the Noguchi Museum, the lively neighborhood entices residents with its vibrant dining scene, along with cafes, galleries and performance venues all within reach. LIC’s relaxing public spaces and lush riverfront parks are also easily accessible.
Convenient transportation is close by; options include the ferry, 7 train, Broadway and 30th Avenue subway stations.
leven28 is designed for living. It’s designed for you.
Asking Price $7,500,000
FOR MORE INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS
CRYSTAL YEUNG646 392 5207
KENNETH LEE917 882 2279