32-72 & 32-70 48th Street is a 12-unit multifamily portfolio located in the heart of Astoria/Long Island City. Consisting of two adjacent 3-story walk-up buildings, the properties are fully occupied with rent-stabilized tenants and additional income from storage and subleases. Long-term ownership and strong in-place management. Significant upside through preferential rents. Prime location near Northern Blvd, M/R subway lines, and growing retail/dining scene. Ideal for investors seeking stable cash flow with long-term value-add potential.