UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 967803
Rental Info No
Year Built 2004
Annual Tax Amount $39,894
Lot Size 1,851 Sqft
Acres 0.0425
Property Sub-Type Multi Family
Source onekey2
Property Description
multifamily building located in the highly sought-after neighborhood of
Astoria, Queens. Built in 2004, this modern building boasts a desirable mix of
8 one-bedroom apartments and 4 two-bedroom apartments, offering
excellent rental demand and consistent income potential, with plenty of
upside in the current rental rates due to the possibility of free market lease conversion on
lease renewals.
The property features a super-low vacancy rate , highlighting its strong
appeal to tenants and providing immediate cash flow for investors. Each unit
is equipped with separate utilities, ensuring low maintenance costs and
minimal management hassle. The building is strategically located in one of
Queens' most vibrant areas, known for its diverse culture, thriving dining
scene, and easy access to public transportation and Manhattan.
This is a prime investment opportunity for both seasoned investors and those
looking to break into the thriving Astoria market. With a strong rental history
and a solid construction foundation, this property offers long-term value and
growth potential with the free market lease conversion plus the installation of
laundry facilities. Don't miss the chance to own a piece of Astoria's real
estate boom!
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Heating Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Parking Features None
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 234
Middle Schools Albert Shanker Sch-Visual/Perf Arts
High Schools Queens 30
School District Queens 30
Others
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716