2374 29Th Ave Astoria, NY 11102

Property Details for 2374 29Th Ave

Year built

1913

Lot size

0.09 lot acres

Property size

13,450 SF

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.

Location Insight

City

Astoria

County

Queens

State

New York

Longitude

-73.925

Latitude

40.7694