32-63 41St St Astoria, NY 11103
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Significant Income and Development Opportunity About 500 feet to Steinway Street Subways and Broadway!
Property size:
2,400 SFProperty Features for 32-63 41St St
General Information
- Property type
- Multifamily properties
- Square Feet
- 2,400 SF
- Total Parking Spaces
- 7
- Elevators
- No
Building Details
- Year Built/Renovated
- 1945/1997
- Buildings
- 1
- Stories
- 3
- Units
- 3
Overview
Astoria Multifamily Investment Opportunity
Located in Astoria, Long Island City, this property at 32-63 41st Street is a three-story, two-family brick house. Constructed in 1945 and renovated in 1997, the building spans approximately 2,400 square feet and features a seven-car private driveway. The ground floor includes a converted one-bedroom, one-bathroom apartment of around 800 square feet, incorporating the boiler and storage room. The second and third floors each offer approximately 800 square feet, with two bedrooms and one bathroom on each floor. The current yearly rental income is $48,000, with tenants responsible for electricity. The residential lot is around 4,000 square feet, zoned R5, with 20 feet of street frontage and 40 feet of depth. The property presents a significant investment opportunity with land value appreciation potential, situated in a qualified federal, New York City community development tax opportunity zone, allowing for up to 6,000 square feet for residential use, with a maximum facility FAR of up to 8,000 square feet. The property is conveniently located off Northern Boulevard and Broadway in the Long Island City and South Astoria neighborhood, approximately 500 feet from the Steinway Street E, F, M, R subways. Delivered fully vacant.
HighLights
- Significant versatile investment, land value appreciation and qualified federal, New york city community development tax opportunity zone! Spacious 4k square feet lot with a 7 car driveway and 20 feet of street frontage.
- About 500 feet to the Steinway street E,F,M,R subways.
Location Intelligence
Current Use by Public Records
Live Park NY
Recording Studio
Location Insight
- Map
- Local Demand
- City
- Astoria
- State
- New York
- Longitude
- -73.919274587565
- Latitude
- 40.7569167
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Significant Income and Development Opportunity About 500 feet to Steinway Street Subways and Broadway!
Where is this multifamily property located?
The property is located at 32-63 41St St Astoria, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Significant versatile investment, land value appreciation and qualified federal, New york city community development tax opportunity zone! Spacious 4k square feet lot with a 7 car driveway and 20 feet of street frontage.; About 500 feet to the Steinway street E,F,M,R subways.
