30-26 43Rd St Queens, NY 11103

Property Details for 30-26 43Rd St

Year built

1924

Property type

Apartment buildings

Description

This well-maintained, three-story apartment building at 30-26 43rd Street, Astoria, NY 11103, presents a compelling investment opportunity. The property, built in 1924, comprises ten units within a single building situated on a 5,019 square foot lot. The building's classification is C, and it's zoned R5. The current asking price is $2,550,000, with a Net Operating Income (NOI) of $155,452. The unit mix includes two spacious two-bedroom apartments, six large one-bedroom apartments, and two studios. Each unit features high ceilings and generously sized rooms, currently in excellent condition. The property benefits from a prime location in Astoria, offering convenient access to public transportation. A fifteen-minute walk reaches the N/W 30th Ave Station, while the Q18 bus is just two blocks away on Steinway Street. Major roadways, including the Queensboro Bridge, Grand Central Parkway, and Triboro Bridge, are also easily accessible, enhancing the property's appeal and potential for strong rental income. This represents a rare opportunity to acquire a well-performing multifamily asset in a highly desirable neighborhood. The building's strong cash flow and convenient location make it an attractive investment for both owner-users and passive investors.