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.
Features of 30-14 29 St.
MLS# | 817117 |
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Price | $4,900,000 |
Total Taxes | $77,294 |
Bathrooms | |
Square Footage | 14,000 |
Lot Square Footage | 5,000 |
Acres | 0.00 |
Year Built | 1928 |
Type | Commercial |
Sub-Type | Multi Family |
Status | Active |
Community Information
Address | 30-14 29 Street |
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City | Astoria |
County | Queens |
State | NY |
Zip Code | 11102 |
Amenities
Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
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Parking | None |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Gas Range, Oven, Refrigerator |
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Heating | Oil |
Cooling | None |
Fireplace | No |
# of Stories | 4 |
Has Basement | Yes |
Basement | Partially Finished |
Exterior
Lot Description | Back Yard, Level, Near Public Transit, Near School, Near Shops |
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Construction | Brick |
Additional Information
Listing Provided Courtesy of: Tapestry Real Estate of Queens; 718-460-1943
Date Listed | January 24th, 2025 |
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Days on Market | 6 |
Zoning | R6A |
Short Sale | No |
RE / Bank Owned | No |
Offer is made only to participants of the MLS where the listing is filed.