Remarks

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.

Details

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

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

County: Queens
Tax Fee: 77294.06