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3435 30Th St Astoria, NY 11106

For Sale
$1,898,000

Prime Astoria location, high rental demand, turnkey investment.

Property size:
5,200 SF

Description

Added:
Feb 3, 2025
Days on Market:
306
This well-maintained six-family building in Astoria, NY presents a compelling investment opportunity. Located near Broadway and a short walk from the N/W subway, this property boasts exceptional accessibility to Manhattan and various transportation options, including Citibike and bus lines. The building comprises six apartments: two one-bedroom units on the first floor, one one-bedroom and one two-bedroom unit on the second floor, and another one-bedroom and two-bedroom unit on the third floor. The basement is unfinished and offers potential for expansion or additional storage. The building features a brick semi-detached structure with a total of eight bedrooms and six bathrooms across approximately 5,200 square feet. The lot measures 20.67 x 100 feet, while the building itself is 20.75 x 85 feet. The property enjoys a strong rental history, generating an annual income of $131,064 and a net operating income of $92,485 after annual expenses of $38,579. Annual property taxes are $21,329. The building is zoned R5 and is in excellent condition, with recent updates to several units ensuring high tenant satisfaction and ease of rental. This turnkey investment is situated in a high-demand rental area, offering immediate income generation and significant potential for long-term growth. The property's prime location and strong financial performance make it an attractive opportunity for savvy investors.

Property Features for 3435 30Th St

General Information

Property type
Other commercial real estate
Square Feet
5,200 SF

Building Details

Year Built
1923

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Astoria
County
Queens
State
New York
Longitude
-73.92856
Latitude
40.75904

FAQs

What type of property is this?
Commercial real estate - Prime Astoria location, high rental demand, turnkey investment.
Where is this commercial real estate located?
The property is located at 3435 30Th St Astoria, NY.
What is the asking price?
The asking price for this property is $1,898,000.
More about this property
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