4616 Newtown Rd Long Island City, NY 11103-1677

This exceptional 2012-constructed, four-story elevator building at 4616 Newtown Road in Astoria, New York, presents a unique investment opportunity. Spanning 7,500 square feet on a 0.1-acre lot, this property features six meticulously designed units, each boasting private balconies and distinctive duplex layouts. A highlight is the stunning two-bedroom penthouse apartment, complete with a wraparound terrace offering breathtaking 360-degree views of the Manhattan skyline. The building's infrastructure is robust, including seven separate boilers, individual electric meters, and hot water heaters for each unit, ensuring efficient operation and individual utility control. Residents enjoy the convenience of a lower-level laundry room and six dedicated parking spaces accessed via a private driveway. Its location is unparalleled, just one block from the subway and minutes away from Manhattan, placing residents within easy reach of vibrant shopping, dining, and excellent transportation options. Currently fully occupied, this property offers strong rental income potential and presents the possibility of future condominium conversion. Detailed income and expense reports are available for qualified buyers. This is a rare chance to acquire a high-performing asset in one of Astoria's most desirable neighborhoods. Showings are by appointment only.