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$ 4,900,000
Est. payment | /mo
$ 4,900,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY817117
Originating Board onekey2
Rental Info No
Year Built 1928
Annual Tax Amount $77,294
Property Sub-Type Multi Family
Property Description
**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.
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.
Location
State NY
County Queens
Rooms
Basement Partially Finished
Interior
Heating Oil
Cooling None
Fireplace No
Appliance Gas Range, Oven, Refrigerator
Exterior
Parking Features None
Fence Perimeter
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Lot Description Back Yard, Level, Near Public Transit, Near School, Near Shops
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Tapestry Real Estate of Queens