Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 817117
Rental Info No
Year Built 1928
Annual Tax Amount $77,294
Property Sub-Type Multi Family
Source onekey2
Property Description
Offered for the first time in nearly six decades, this well-maintained, 20-unit walk-up building in the heart of Astoria, Queens, presents a rare and rewarding opportunity for investors. Owned by the same family for 58 years, it's now ready for new stewardship and continued growth.
This four-story property features a desirable mix of eight two-bedroom units, eight one-bedroom units, and four studios, offering a strong rental base and broad tenant appeal. Its prime location ensures consistent demand, with proximity to major NYC transit, top schools, hospitals, and an array of shopping, dining, and entertainment options.
Astoria continues to be one of New York City's most sought-after neighborhoods, offering a balance of community charm and urban convenience. The building is in solid condition, with stable occupancy and efficient day-to-day management.
Highlights Include:
Strong Market Fundamentals: Located in a high-demand, supply-constrained neighborhood.
Diversified Unit Mix: Appeals to a broad tenant demographic.
Value-Add Potential: Opportunities for rent growth and upgrades.
Turnkey Management: Clean physical condition and long-term tenant base.
Whether you're expanding your portfolio or entering the multifamily sector, this property represents a compelling blend of stability and upside. With time and strategic stewardship, you'll find this investment both gratifying and profitable.
Income, expense statements, and rent roll 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
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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