22-09 48Th St Queens, NY 11105
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 22-09 48Th St
- Year built
- 1960
- Property type
- Apartment buildings
Description
This exceptional Class A, two-unit apartment building presents a compelling investment opportunity in the highly desirable Astoria, Queens neighborhood. Located at 22-09 48th Street, this meticulously maintained property boasts a total of 1,880 square feet of net rentable space, situated on a 2,241 square foot lot. Built in 1960 and extensively renovated in 2020, the building is in move-in condition. The property features two apartments: a two-bedroom, 1.5-bathroom unit on the first floor with a modern open-concept kitchen and spacious rooms; and a three-bedroom, 1.5-bathroom unit on the upper floor, showcasing an open layout, large windows, stainless steel appliances, granite countertops, and abundant cabinet space. A fully finished basement provides additional space, a separate entrance, and parking for two cars, complemented by a detached garage. The property is zoned R4, offering potential for future development or expansion. With an asking price of $1,560,000, this represents a strong value proposition at $780,000 per unit in this prime location. This is a rare opportunity to acquire a turnkey investment property in a thriving market. The building's recent renovations, desirable features, and prime location make it an ideal investment for both seasoned and first-time investors seeking a high-return, low-maintenance property.
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
- -73.9012
- Latitude
- 40.7689
