3435 30th St, Long Island City, NY 11106-3027

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.