Current Use by Public Records
- Commercial real estate
Property Details for 2374 29Th Ave
- Year built
- 1913
- Lot size
- 0.09 lot acres
- Property type
- Commercial real estate
Description
This exceptional 21-unit apartment building, located at 2374 29th Avenue in the thriving Astoria neighborhood of Queens, New York, presents a compelling investment opportunity. Spanning 13,450 square feet on a 0.09-acre lot, the property boasts a desirable mix of 17 two-bedroom and 4 one-bedroom apartments. Importantly, there are no rent-stabilized units, offering significant potential for rental income growth. The building also includes a superintendent's apartment, adding to its operational efficiency. Recent renovations ensure the property is well-maintained and ready for immediate occupancy. Its prime location offers unparalleled convenience, with easy access to public transportation, Astoria Park, a variety of schools, an abundance of shopping and dining options, and major highways. This income-generating property is situated in a highly sought-after area, promising strong returns for the discerning investor. The building's strong occupancy and lack of rent-stabilized units contribute to its financial stability and attractiveness. Furthermore, seller financing is available, presenting a unique opportunity for qualified buyers to secure favorable terms. This is a rare chance to acquire a well-positioned multifamily asset in a rapidly appreciating market. The combination of a strong rental market, convenient location, and available seller financing makes this an ideal investment for those seeking a stable and profitable venture in the heart of Astoria.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Astoria
- County
- Queens
- State
- New York
- Longitude
- -73.925
- Latitude
- 40.7694
