2814 47th St - Apartments FOR SALE


Astoria, NY 11103- Downtown Astoria
$1,150,000 USD
718-614-8349
2814 47th St, Astoria, NY for Sale
$1,150,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

2814 47th St
Astoria, NY 11103
Downtown Astoria


HIGHLIGHTS

  • 2814 47th Street presents a six-unit, value-add multifamily opportunity in the heart of Astoria.
  • Astoria is a large Queens neighborhood near the East River known for restaurants, a vibrant art scene, and quiet, residential streets.
  • The unit-mix consists of six two-bedroom/ one-bathroom units with a spacious living room and dedicated dining room.
  • In a Walker's Paradise with a nearly perfect walk score - a scenic, pedestrian-friendly neighborhood.

OVERVIEW

Discover this investment opportunity in the heart of Astoria. Located just off 30th Avenue, this 30-foot-wide, six-unit building features six generously sized two-bedroom apartments, each offering a spacious living room and a dedicated dining room layout. The property is equipped with gas heating and has completed both Local Law 152 (gas line inspection) and Local Law 31 (lead paint testing), offering a strong compliance foundation for future renovations. While the building would benefit from some TLC, it presents an excellent opportunity for value-add improvements. A complete, unfinished basement currently offers storage potential, and the large rear yard provides space for shared or private outdoor use. Set in a vibrant neighborhood near restaurants, cafes, shops, and public transportation, this property is ideal for investors looking to unlock long-term value in one of Queens’ most desirable communities.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,001 SF

ZONING

R5

APN/PARCEL ID

00720-0031

ASK ABOUT THIS PROPERTY

Anthony Lo VermeBlue Brick Real EstateMore Info
718-614-8349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Anthony Lo VermeBlue Brick Real EstateMore Info
718-614-8349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.