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3151 35th St
Astoria, NY 11106
Legal 6 Family-Prime Astoria Location · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Prime Astoria Location
- Potential Upside
- Fully Occupied
Executive Summary
Exceptional opportunity to own a solid 6-family brick building in one of the most
desirable and high-demand areas of Astoria, Queens. Ideally situated just off the
vibrant corridors of 31st Avenue and Broadway, this well-maintained property
offers both immediate income potential and long-term appreciation in a rapidly
growing neighborhood.
The property features 6 fully occupied 2 bedroom, 1 bathroom apartments that
have benefitted from recent upgrades. All of the units are currently under rent
stabilization collecting below the legal rents. This offers future upside.
Located just steps from shopping, dining, cafes, and nightlife, this property is
within walking distance to multiple subway lines (N/W trains), offering easy access
to Manhattan and throughout Queens. Strong rental demand, a stable tenant
base, and proximity to everything make this an ideal turn-key investment or 1031
exchange candidate.
desirable and high-demand areas of Astoria, Queens. Ideally situated just off the
vibrant corridors of 31st Avenue and Broadway, this well-maintained property
offers both immediate income potential and long-term appreciation in a rapidly
growing neighborhood.
The property features 6 fully occupied 2 bedroom, 1 bathroom apartments that
have benefitted from recent upgrades. All of the units are currently under rent
stabilization collecting below the legal rents. This offers future upside.
Located just steps from shopping, dining, cafes, and nightlife, this property is
within walking distance to multiple subway lines (N/W trains), offering easy access
to Manhattan and throughout Queens. Strong rental demand, a stable tenant
base, and proximity to everything make this an ideal turn-key investment or 1031
exchange candidate.
Property Facts
| Price Per Unit | $396,083 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.47% | Building Size | 6,040 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | ||
| Zoning | R6B | ||
| Price Per Unit | $396,083 CAD |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,040 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R6B |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 900 |
Property Taxes
| Parcel Number | 00648-0021 | Improvements Assessment | $219,396 CAD |
| Land Assessment | $2,833 CAD | Total Assessment | $222,230 CAD |
Property Taxes
Parcel Number
00648-0021
Land Assessment
$2,833 CAD
Improvements Assessment
$219,396 CAD
Total Assessment
$222,230 CAD
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