23-59 32Nd St Queens, NY 11105
This turnkey, fully detached legal three-family home in Astoria's Ditmars area presents a compelling investment opportunity. The property boasts three renovated one-bedroom apartments, each offering comfortable living spaces. Situated on a 1,625 square foot lot, the building is a three-story structure with approximately 1,800 to 2,000 square feet of living space. Its prime location offers convenient access to Ditmars Boulevard, a vibrant hub of Astoria's business district, placing residents within walking distance of a diverse array of amenities including bars, restaurants, supermarkets, and fitness centers. The property's potential is further enhanced by an additional 390 square feet of available air rights, presenting opportunities for expansion or increased rental income. The asking price for this exceptional investment property is $1,535,000. Proof of funds or pre-approval is required for showings. This is a rare opportunity to acquire a well-maintained multifamily property in a highly desirable and rapidly appreciating neighborhood. The property is located at 23-59 32nd Street, Queens, NY 11105, in Queens County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.