Welcome to 18-40 21st Drive — A Prime Astoria Investment Opportunity in a Location Rare opportunity for investors to acquire a well-maintained four-unit income-producing property in a highly desirable Astoria location. Just half a block to the East River and one block from the iconic Astoria Park. The building features a strong rent roll and is in renovated condition, offering immediate cash flow with additional upside potential to further increase rental income over time. This solid brick and stucco property blends classic construction with modern improvements. Interior highlights include wood floors throughout and updated appliances. Significant capital improvements have already been completed, including a new roof, updated windows, a new 100-gallon hot water heater, and a Weil-McLain boiler providing efficient radiator steam heat, giving investors confidence in the building’s mechanical systems. Flexible tenant leases. The property also offers 220-amp electrical service, an exterior electric meter, and an interior gas meter, ensuring efficient building operations. Additional income potential is supported by a two-car garage and an additional parking space, which can generate supplementary rental revenue. With its prime location, strong existing income, renovated condition, and opportunities to further enhance rental performance, this property represents a rare chance to acquire a stable and appreciating asset in one of Astoria’s most sought-after neighborhoods. Some photos are virtually staged.