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Multifamily & Vacant Lot 3425 9th St 6 Unit Apartment Building $3,213,468 CAD ($535,578 CAD/Unit) Astoria, NY 11106
Investment Highlights
- 50 Feet of Frontage
- 3,600 SF of air rights for residential development
- Multifamily Building and Lot for Development
Executive Summary
3425 9th St presents an exceptional multifamily investment opportunity in the highly desirable Astoria neighborhood of Queens, New York. This three-story property spans approximately 3,900 square feet across six apartment units, with two units delivered vacant to accommodate immediate repositioning or owner-occupancy options. Situated on a 5,000-square-foot lot with 50 feet of frontage, the asset also offers significant development potential with R5 residential zoning. Investors can capitalize on the property’s prime location in Hallett’s Cove, a vibrant residential area surrounded by retail, dining, and robust transit connectivity, including proximity to the NYC subway and ferry services. The property falls within an Opportunity Zone, enabling investors to explore potential tax advantages. This is a rare chance to acquire an income-producing property with clear upside through redevelopment or value-add strategies in one of Queens’ fastest-growing neighborhoods.
Property Facts
| Price | $3,213,468 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $535,578 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Sale Condition | Redevelopment Project | Building Size | 3,900 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R5 - low density contextual residential zoning district | ||
| Price | $3,213,468 CAD |
| Price Per Unit | $535,578 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,900 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R5 - low density contextual residential zoning district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 00324-0016 | Improvements Assessment | $268,077 CAD |
| Land Assessment | $3,742 CAD | Total Assessment | $271,819 CAD |
Property Taxes
Parcel Number
00324-0016
Land Assessment
$3,742 CAD
Improvements Assessment
$268,077 CAD
Total Assessment
$271,819 CAD
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Multifamily & Vacant Lot | 3425 9th St
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