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3172 44th St 6 Unit Apartment Building Offered at $1,696,320 CAD Astoria, NY 11103
Executive Summary
Welcome to 31-72 44th Street, Astoria. This is an exceptional investment opportunity in the heart of vibrant Astoria! This well-maintained legal 6 family building features six two-bedroom apartments, offering a desirable unit mix in one of Queens’ most sought-after neighborhoods. All units are rent stabilized and consist of four currently occupied units, providing immediate rental income, while the two top-floor apartments adjoining each other will be delivered vacant. No rent controlled apartments. This unique configuration offers excellent flexibility for an owner to live in one unit or combine the two units to create an expansive living space while still benefiting from strong rental income from the remaining apartments. The strong rental history with long term tenants and potential for rental growth enhance long term value. Additional building features include a full basement offering ample storage space and laundry, enhancing tenant convenience and long-term value. A private rear yard provides outdoor space that is rarely found in multifamily properties and adds further appeal for residents.
Ideally situated on quiet residential block yet just moments from Astoria’s vibrant dining scene, shopping, parks, and convenient transportation options, the property enjoys consistently strong rental demand. Whether you are an investor looking for a stable, income-producing asset or a user seeking the opportunity to live in a large owner’s residence while collecting rental income, 31-72 44th Street represents a rare opportunity to acquire a solid six-unit property in the thriving Astoria Market. Building Size (25X66) =Approximately 4458 Sqft. Lot Size (25X100) Zoning R5.
Ideally situated on quiet residential block yet just moments from Astoria’s vibrant dining scene, shopping, parks, and convenient transportation options, the property enjoys consistently strong rental demand. Whether you are an investor looking for a stable, income-producing asset or a user seeking the opportunity to live in a large owner’s residence while collecting rental income, 31-72 44th Street represents a rare opportunity to acquire a solid six-unit property in the thriving Astoria Market. Building Size (25X66) =Approximately 4458 Sqft. Lot Size (25X100) Zoning R5.
Property Facts
| Price | $1,696,320 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $282,720 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,458 SF |
| Gross Rent Multiplier | 44 | No. Stories | 3 |
| No. Units | 6 | Year Built | 1928 |
| Property Type | Multifamily |
| Price | $1,696,320 CAD |
| Price Per Unit | $282,720 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 44 |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.06 AC |
| Building Size | 4,458 SF |
| No. Stories | 3 |
| Year Built | 1928 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00693-0061 | Improvements Assessment | $218,446 CAD |
| Land Assessment | $3,784 CAD | Total Assessment | $222,230 CAD |
Property Taxes
Parcel Number
00693-0061
Land Assessment
$3,784 CAD
Improvements Assessment
$218,446 CAD
Total Assessment
$222,230 CAD
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