Prime Investment Opportunity in Astoria – 20-Unit Multi-Family Building Income, expense, and rent roll available.
This rare 20-unit, 4-story walk-up is a standout in the highly desirable neighborhood of Astoria, Queens. The same family has owned and lovingly maintained it for over 50 years, so this property presents a unique chance to acquire a well-cared-for asset with strong fundamentals.
The building features a diverse unit mix of eight two-bedroom apartments, eight one-bedroom apartments, and four studio units, ensuring broad tenant appeal. Its unparalleled location offers convenient access to major NYC transportation, top-rated schools, thriving local hospitals, and an array of shopping, dining, and entertainment options.
Astoria remains one of the most sought-after urban residential neighborhoods, guaranteeing steady demand and stable occupancy rates. The long-time superintendent has meticulously maintained the property, ensuring seamless management for its next owner.
This investment offers:
Low Risk: Situated in a high-demand area with an established tenant base.
High Growth Potential: Significant opportunities for rent increases and value-added enhancements.
Whether expanding your portfolio or making your first foray into real estate investment, this gem is a must-see. Don’t miss this chance to secure a solid, income-producing property in one of NYC’s top neighborhoods.
14,000 Sq Ft
5,000 Sq Ft Exterior Space
Commercial
$77,294 Annual Tax
Built in 1928
MLS/Listing ID 809717
20 Units
Lot - Level
Construction - Brick
Lot - Near School
Lot - Back Yard
Heating - Oil
Block
Perimeter
Refrigerator
Oven
Gas Range
Lot - Near Public Transit
Listing Courtesy of TAPESTRY REAL ESTATE OF QUEENS, JAMES S. POWERS - 718-460-1943
Source of Data: ONEKEY MLS