30-90 45Th St Queens, NY 11103
- Apartment buildings
- 2,635 SF
Current Use by Public Records
- Apartment buildings
Property Details for 30-90 45Th St
- Year built
- 1965
- Property size
- 2,635 SF
- Property type
- Apartment buildings
Description
This exceptional three-unit multifamily building presents a compelling investment opportunity in the heart of Astoria, Queens. Located at 30-90 45th Street, this property boasts a prime location just one block from the Broadway subway and a plethora of shops and amenities. The building, constructed in 1965 and extensively renovated in 2020, features a total of 2,635 square feet of net rentable space across three units, offering a price per square foot of $720.68. The unit mix includes a spacious studio on the ground floor with access to a large, irregular backyard, a garage, and a driveway, plus two two-bedroom apartments on the upper floors, each with eat-in kitchens and ample living space. The building is a semi-detached brick structure situated on a 3,138 square foot lot, providing additional potential. The property includes two parking spaces and benefits from a gas heating system, a separate hot water tank, and updated electrical work. With a 100% occupancy rate and a permitted R5/C1-2 zoning, this property offers significant potential for future appreciation and strong cash flow. The asking price is $1,899,000, representing $633,000 per unit. Additional development potential exists through 1,287 square feet of available air rights. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a highly desirable location. This property is offered as a 1031 exchange opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.913
- Latitude
- 40.7599
