Prime Investment Opportunity in Astoria, Queens – 16-Unit Multifamily Building for Sale Located just steps from the highly sought-after Ditmars Blvd N & W subway station, this well-maintained 16-unit multifamily building presents a rare opportunity to own a premier asset in one of Astoria’s most desirable neighborhoods. Boasting 75% free market units, this property offers strong upside potential and remarkable flexibility for future rent growth. Featuring 4 two bedroom units and 12 one bedroom units. The building generates a very healthy monthly rent roll, making it an ideal choice for both seasoned investors and those looking to enter one of NYC’s most stable and dynamic rental markets. 10 out of the 16 units are free market with plenty of upside in the rent, while the 6 units are subject to rent stabilization, but collecting close to market rent. 2 of the units will be delivered vacant at closing. Property Highlights: 16 residential units (10 Free market & 6 rent stabilized) 75% free market units with plenty of upside in the rent High and consistent rent roll Prime Astoria location near top restaurants, cafes, and shops Half a block from the Ditmars Blvd N & W subway station – only minutes to Manhattan Turnkey condition with well-maintained common areas and mechanicals With continued demand for quality housing in the Astoria market, this is a rare chance to acquire a high-performing asset in a location that remains a perennial favorite among renters. Whether you're executing a 1031 exchange or expanding your portfolio with a reliable long-term asset, this property checks all the boxes: location, stability, immediate upside potential, and consistent cash flow.