Exceptional opportunity to own a solid 6-family brick building in one of the most
desirable and high-demand areas of Astoria, Queens. Ideally situated just off the
vibrant corridors of 31st Avenue and Broadway, this well-maintained property
offers both immediate income potential and long-term appreciation in a rapidly
growing neighborhood.
The property features 6 fully occupied 2 bedroom, 1 bathroom apartments that
have benefitted from recent upgrades. All of the units are currently under rent
stabilization collecting below the legal rents. This offers future upside.
Located just steps from shopping, dining, cafes, and nightlife, this property is
within walking distance to multiple subway lines (N/W trains), offering easy access
to Manhattan and throughout Queens. Strong rental demand, a stable tenant
base, and proximity to everything make this an ideal turn-key investment or 1031
exchange candidate.