2834 38th St
Astoria, NY 11103
Multifamily Property For Sale · 8 Units

28-34 38th St presents a prime opportunity to acquire a modern mixed-use asset in one of Astoria's most established residential neighborhoods. Built in 2010, the property consists of eight renovated residential units above a street-level retail space, offering investors a balanced income stream supported by strong neighborhood fundamentals. Recent upgrades, including modern finishes, private balconies, elevator service, and in-unit laundry, enhance tenant appeal while contributing to a highly efficient and low-maintenance operating profile. Situated within close proximity to the N/W subway lines, Steinway Street's vibrant retail corridor, Astoria Park, and a growing collection of restaurants, cafes, and local businesses, the property benefits from the lifestyle amenities that continue to drive residential demand throughout the neighborhood. The combination of modern amenities, strong tenant retention, and a desirable location supports stable occupancy, consistent cash flow, and long-term value appreciation. For investors seeking a turnkey asset in one of Queens' most resilient rental markets, 28-34 38th Street represents a compelling opportunity with both immediate income and future growth potential.