Remarks

**Prime Investment Opportunity in Astoria – 20-Unit Multi-Family Building**

This well-maintained 20-unit, 4-story walk-up in Astoria, Queens, presents a unique opportunity for investors. Owned by the same family for over 50 years, the property boasts strong fundamentals and potential for increased income.

The building offers a diverse mix of eight two-bedroom apartments, eight one-bedroom apartments, and four studio units, appealing to a broad tenant base. Its exceptional location provides easy access to major NYC transportation, top-rated schools, local hospitals, and a variety of shopping, dining, and entertainment options.

Astoria remains a sought-after residential neighborhood, ensuring steady demand and stable occupancy rates. The property is in good condition, allowing for low-maintenance management.

This investment features:

- **Low Risk:** Situated in a high-demand area with an established tenant base.
- **High Growth Potential:** Opportunities for rent increases and value-added improvements.

Whether you’re expanding your portfolio or venturing into real estate investment for the first time, this gem is a must-see. Don’t miss your chance to secure a solid, income-producing property in one of NYC’s top neighborhoods. Income, expense, and rent roll are attached or available upon request.

Details

MLS#: 817117
Price: $4,900,000

Style: Multi Family
Sq Ft: 14000
Year Built: 1928

County: Queens
Tax Fee: 77294.06